GBPUSD Upward Move Continuation
Updated
After the market rallied up by 150 pips, GBPUSD is now moving sideways creating yet a mini bullish flag.
It is expected that the price moves upward and break the flag continuing the original uptrend.
Trade Levels:
- 10-15 pips within the bottom channel line. (approx. @ 1.29700)
- Stop Loss @ 1.29500
- Take Profit @ 1.30500
- Risk/Reward: 4
Cheers!
Happy Trading!
It is expected that the price moves upward and break the flag continuing the original uptrend.
Trade Levels:
- 10-15 pips within the bottom channel line. (approx. @ 1.29700)
- Stop Loss @ 1.29500
- Take Profit @ 1.30500
- Risk/Reward: 4
Cheers!
Happy Trading!
Trade closed: stop reached
Unfortunately, the price breaks to the downside.End of trade setup.
Cheers!
Happy Trading!
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