๐Ÿ“‰ GBP/USD | Potential Downward Movement

๐Ÿ’ก Sell Limit Order @ 1.34373

๐ŸŽฏ Target Profit 1.33556

๐Ÿ›‘ Stop Loss 1.34779

โŒ Do not risk more than 1% of your account on each trade


Description:
The price found bears around the 50% Fibonacci retracement level where it could lead to a breakout of the bullish channel to the downside. A higher correction could be posted before a new bearish impulsive wave toward the target profit.
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Risk Disclaimer: All trading ideas published by โ€œcollegeofpipsโ€ are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. โš ๏ธ
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GBPUSDgbpusdsellgbpusdshortPivot PointspriceactionSupply and DemandSupport and Resistance

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