GBP: Consolidation in consolidation - sell setup.
Possible rollback up on the news with further breakdown of a small consolidation down.
Trade closed: stop reached
Note
Continuation:
Trade closed: stop reached
Result: stop loss 144 pips + commissions, initial profit factor (profit / loss) = 1.78 with the prospect of a larger target level with a profit factor of > 10 (breakdown down long-term consolidation, if lucky).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.