GBPUSD SHORT

5 thg 6, 2022

POUND. We currently looking at at downtrend on the pound, Refer back to weekly chart as we break down our analysis, GBPUSD gave us a clean double top @1.42838 with clean enough confirmation, the pound has been in a downtrend for weeks now, not forgetting that the trend is our only loyal friend, coming down to 4H chart we see clean correction/continuation patterns , current price we see our mini double top , accompanied by the inner rising wedge , price broke and retested the rising wedge giving some indication of continuation, POSSIBLE TARGET AT @1.21588. Apply proper risk management (properly) and only risk 1% of your account