GBPUSD short. Rising wedge formation.
Rising wedge forming. Big short. DXY will move up. GBP will also be moving down.
Should touch the support (red line). If we get a break of the wedge we will be moving down.
May get another re-test of the current support (black line) after the breakout.
Going to short now.
Stop loss at previous swing high (1.329).
Good luck.
Should touch the support (red line). If we get a break of the wedge we will be moving down.
May get another re-test of the current support (black line) after the breakout.
Going to short now.
Stop loss at previous swing high (1.329).
Good luck.
Note
Down we go.
Order cancelled
Moved back into the rising wedge.Note
Failed to close outside on the 4 hour candle.Trade active
Trade closed: target reached
Big ooft
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Big ooft
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.