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GBPUSD: Classic Breakout Trade 🇬🇧🇺🇸
British Pound / U.S. Dollar
Short
GBPUSD: Classic Breakout Trade 🇬🇧🇺🇸
By VasilyTrader
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7 days ago
6
1
1
7 days ago
GBPUSD broke and closed below a key daily horizontal support.
After a breakout, the price retested the broken structure
and started to consolidate on that, forming a range.
Bearish breakout of the range is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 1.254
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Candlestick Analysis
Forex
GBPUSD
gbpusdsignal
gbpusdsignals
Parallel Channel
signals
Support and Resistance
trading
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