GBPUSD - Short
Strong breakout of a Type 3 graph (sideways movement). Retraction back to the box. If it goes below 1.25524, it will not be a false breakout and potentially the start of a downtrend.
Note
Respected the resistance - expect to short if registers a bearish signal.
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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.