GBP/USD Trade setup.
Updated
Price on the daily timeframe has provided a double top trade pattern but price failed to breakout the neckline and continue the bearish descend. Price currently in H1 shows a bullish channel with completed highs and lows.
We'll wait for a reversal of price on the support level identified or continued completion of a new low.
We'll wait for a reversal of price on the support level identified or continued completion of a new low.
Trade closed: target reached
Entry taken from the support level breakout. Price reached the 1.2232 take profit. Re-analysis to follow.
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