GBPUSD has finally broken after consolidation. The next level can be seen as the target of the rectangle pattern which is the height of the rectangle. The falling trend line however will oppose any up move in the price. I am already short in the pair from 1.28440 levels with stop at 1.30000 and take profit at 1.27000
The idea is to sell near the trend line and keep a stop loss on the upper side of the trend line.
Please leave your valuable comments in connection with this trade setup.
Happy Trading to all.
The idea is to sell near the trend line and keep a stop loss on the upper side of the trend line.
Please leave your valuable comments in connection with this trade setup.
Happy Trading to all.