GBPUSD Long Term Buy/Will the Trendline hold? [UPDATE]
Updated
[previous GBPUSD idea linked for previous analysis and explanation]
Price has started rejecting the trendline on the 4h, the higher high expected to form at 1.42300 is invalidated. im now looking to take this down to 1.34180 (sl size is only for my account's risk allocation. the correct and safer placement is at 1.38000)
Price has started rejecting the trendline on the 4h, the higher high expected to form at 1.42300 is invalidated. im now looking to take this down to 1.34180 (sl size is only for my account's risk allocation. the correct and safer placement is at 1.38000)
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Correct Stop Loss placement should've been above last high and above TL at 1.38310.
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