GBPUSD to rally for a triangle retracement
Updated
GBPUSD declined recently after its price action formed what seems to be a triangle. Based on the broader trend, which in my opinion remains up. I expect the pair to initially retrace the recent decline towards 1.28. Stops at today's low 1.2670.
BUY at market (1.2710)
SL at 1.2670 (40 pips)
TP at 1.2780 (60 pips)
At 1.2780, I want to reconsider my entries. So I'll take profits.
At 1.2670, the pair is likely to continue lower, but I don't want to be a part of it now.
BUY at market (1.2710)
SL at 1.2670 (40 pips)
TP at 1.2780 (60 pips)
At 1.2780, I want to reconsider my entries. So I'll take profits.
At 1.2670, the pair is likely to continue lower, but I don't want to be a part of it now.
Trade active
market orderTrade closed: stop reached
40 pips losss
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