Short

GBPUSD BEARISH CHANNEL CONTINUATION

Updated

GBPUSD IN BEARISH CHANNEL. Broke through a significant level at A. Awaiting confirmation at A; i.e. LTF Bearish BOS, Momentum. Level B for possible liquidity / Stop hunt before further push down

Trade closed: target reached

went into A as expected with good reaction at 15M bearish BOS. good retracement to hit critical Fib levels of confluence at 61.8% and 50%. TP1 should be secure.

Note

Continue to look for LTF downside BOS to enter

Note

Area B LTF bearish BOS has began to form. momentum could be greater. Mayb enter half risk at standard fib retracement levels

tzehow86

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