Short GBP towards the lowertrendline | 22 Mei 2017
22 Mei 2017, GBP/USD
Technical Observation:
Recently GBP entered into an ascending channel and is still rallying within it. While this pair remains within this channel, I only look for potential reversal places to buy or sell depending on the direction of the reversal, a clear breakout will call for breakout trading. On the 4 Hour chart above, I expect a reversal from the upper trend line to short GBP toward the lower trend line.
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