GBPUSD near term down fall up to 1.3000 with stop-loss 1.3160
Potential reversal with a small stop loss with a risk reward of 2.75
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Buy GBPUSD NEAR 1.2815/1.2775 SL 1.2745 TP 1.3000/1.3150 CURRRENT RATE 1.2834 THANKS
In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down. and lots of important news coming on the way so we will observe the next move and trade Today GBP have lots of news so trade wise. Get update on this idea on traderand.co
FOREXCOM:GBPUSD In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down. and lots of important news coming on the way so we will observe the next move and trade Today GBP have lots of news so trade wise. Check More details traderand.co
All idea is depended on Wave structure. An expanding wedge is a part of a flat in this case and it is completed or about to be complete. But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
Monthly chart of British Pound sends alarming signals for future of Britain and also future of the global economy.
As long as 1.2660 is support look for 1.3000 and 1.3130
The fall is then a possibility of rising
It will surely take a turn after small bearish move my suggestion is to go long on this....