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GBP/USD, Continued down-move Short Setup.

Price is moving in a descending channel taking resistance from the upper band, a down-move till the lower band is expected.
channel is heading towards the major support zone of the broad range (1.3657 - 1.3172).

After getting rejected form major resistance zone, price has shown a nice down-move after, which was followed by a pullback, that was halted at 0.618 level of retracement as market on the chart.

To capture the continued down-move after a pullback.

This is a short trade setup

Sell: 1.3409
SL : 1.3461
TP1: 1.3349
TP2: 1.3304

Strict Risk management should be applied and Position should be sized according to individuals risk appetite.

For Educational Purposes only, Not an Investment Advice

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CrazyTrades247

Join Telegram Channels for more Trades ideas 🧿

🟢For Forex and International Commodities
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crazytrades247@gmail.com

此外: