Blessed_By_FX

GBP/USD Is going to continue it's Down Trend

Short
FX:GBPUSD   British Pound / U.S. Dollar
As we all know "TREND IS OUR FRIEND"

GBP/USD is in down trend in Daily and 4 Hour Time Frame. And the price is getting rejection on FIB 61.8% Level.
In 1 hour it has made bearish Flag pattern and also in 15 min Time Frame it is trading in
parallel Channel Pattern. So Will look for breakout of this channel and then We'll go short on GBP/USD.

And Targets will be

TP 1 : 1.22000
TP 2 : 1.21500
TP 3 : 1.21000


Happy Trading...!!!
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.