Hello Guys, GBPUSD is currently moving downside . Upside move is over and now its making a down move within a nice pattern. Its seems that we got a inside breakout of the trendline but currently pair is making a lower correction.Here are two things which we'll be looking if we are going to trade. First thing we should be looking at is the lower timeframe correction for continuation of the trend. If we get that it will be a good trade. if it breaks early then we'll be looking at the violation of the previous horizontal line because otherwise it can still make move up and turn into higher timeframe correction!!
Trade according to your own strategy!
Trade according to your own strategy!
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Price didn't violated the line or even didn't got a breakout! Instead, we got move up as expected! 4h view.
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Update:
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Target 1 hit with 260+ Pips!
