GBPUSD - Bearish correction soon?

2020-01-16 22:39:43

PAIR IN FOCUS: GBPUSD
ACTION: SHORT
HORIZON: SHORT-TERM

Price has been moving within a rising wedge pattern and could break down from it. Look for bearish price action and a clean break downwards before considering any SHORT entry. GBP is quite volatile so it is far to expect some movements instead of a immediate downward move even if it breaks down.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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