GBPUSD Short Trade Setup
Updated
Hello traders.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
Note
It's making a correction, but the pattern is not clear. If it breaks the trendline, I will take short trade. I hope it will make nice correction first.Note
I have put an entry order.Trade active
Trade closed: stop reached
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