Hello traders.
Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the chart down below. Of course, I won't keep my trade open until it breaks weekly bottom, but this is the potential.

Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the chart down below. Of course, I won't keep my trade open until it breaks weekly bottom, but this is the potential.
Note
Move stop-loss to 1.3330Related publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.