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British Pound / U.S. Dollar
Short

GBPUSD SWING IDEA OVER 200 PIPS

By fasthandfx
Updated
On the daily chart, GBPUSD appears to be moving sideways at first glance. However, a closer look reveals a distinct pattern in the price action. There's a key level around 1.28200 that the price has consistently respected for some time. If you delve deeper, you'll notice that the price approached this level within a contracting channel, broke through it, and is now forming a bearish continuation pattern. This is a crucial development to watch closely. Stay alert for potential moves!
Note
3:26 SAID A BUY IN THE VIDEO INSTEAD OF A SELL,
Trade active
waiting for a reversal structure
Trade closed: target reached
Had a good drop as anticipated last week
Chart PatternsGBPUSDgbpusdanalysisgbpusd_forecastgbpusdsellgbpusdsetupgbpusdshortgbpusdsignalgbpusdsignalsgbpusdtradeTechnical IndicatorsTrend Analysis
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