if you r in the trade the sell set up is almost done entering to a correction phase which pattern? no one knows i like to assume its a ABC channel, it just make easy for me to adjust as the pattern is evolving one thing to keep in mind we are in bigger correction this is not a impulsive move.
booked a hefty 230 pips on that impulse now looking at a correction and continuation to the upside follow scenarios at they evolve
pls note: the pattern may change anytime and the analysis is not valid, however, u need a map to travel, thats your map with arisk is better than no map.
the break down of the gbpusd might not continue to the downside and show a reversal pattern first i advice to move sl to break even quickly as the move advance down if reverse the trade will be breakeven. if not follow the scenario.