GBPUSD could channel up until 1.33 area
Updated
I just jumped into a long trade, based on the 1H chart, but overall I'm looking it all the way up to the weekly chart, because either way if we are going to fall further down or just going to form a second shoulder on the weekly, we could have a good chance for this to retrace all the way back up to 1.33 area.
Looking to a nice RR of 1:2 as always, but I might close half of it around 1.3275 area.
Looking to a nice RR of 1:2 as always, but I might close half of it around 1.3275 area.
Trade closed: target reached
Well... It was a little scary at some point because SL was almost hit but eventually, it turned out as I expected and we reached TP with this one. Very very nice trade.
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