GBPUSD is making a nice 1hr correction confirming down move
After last week's firm impulse on the downside, you can clearly see that
GBPUSD
is making, on the 60min chart, a nice corrective flag, confirming the down move. If you are not already in the trade from the break or earlier, because you have cautiously and correctly waited for the pair to show us its intentions, now it is the right moment to sell. Wait for the end of the flag and sell the break of it. Stop loss above the flag structure and target on the lower trendline in the the 1.23 area.
Trade with care and only with a tested strategy that you have backtested with a success rate.
Please don't forget to like this post or follow us, if you fell that our charts can be a useful complement to your trading strategies.
GBPUSD
is making, on the 60min chart, a nice corrective flag, confirming the down move. If you are not already in the trade from the break or earlier, because you have cautiously and correctly waited for the pair to show us its intentions, now it is the right moment to sell. Wait for the end of the flag and sell the break of it. Stop loss above the flag structure and target on the lower trendline in the the 1.23 area. Trade with care and only with a tested strategy that you have backtested with a success rate.
Please don't forget to like this post or follow us, if you fell that our charts can be a useful complement to your trading strategies.