GBP/USD: short position at the flag breakdown line
At the moment, the situation for GBPUSD looks as if the downtrend flag and trend line are able to keep the price in the downtrend equidistant channel.
Look at the levels of Fibo correction. It seems to me that the currency pair can reach the 38% level. There is also a strong support level at this level, which is worth considering as the ultimate goal.
The trade looks confident for short-term trading.
Stop loss must be set for the nearest local high within the day after at the turning point.
Take profit at 38%.
If you are planning to hit a big jackpot, you can expect a price of 1.35300 or at the channel support level of
Look at the levels of Fibo correction. It seems to me that the currency pair can reach the 38% level. There is also a strong support level at this level, which is worth considering as the ultimate goal.
The trade looks confident for short-term trading.
Stop loss must be set for the nearest local high within the day after at the turning point.
Take profit at 38%.
If you are planning to hit a big jackpot, you can expect a price of 1.35300 or at the channel support level of
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