GBPUSD - 380pips and Still Dropping! Where To Enter?

In our last GBPUSD analysis, we were waiting for the break of the ascending correction. After price broke the ascending correction, we saw a few days of consolidation before we got the catalyst we needed to get things moving - FED announcement,

Price has dropped 380pips from our initial entry and we are watching for the next correction to take this even lower. Watch for the correction to form and draw a trendline. Enter on the break of the trendline with stops above the correction.

Notice how the trend changes once there is a double top/bottom. Do your best to identify these in your analysis!

Goodluck and trade safe!

코멘트:

Looking for atleast another 300 pips