VasilyTrader

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FX:GBPUSD   Paun British / Dolar A.S.

hey traders,

on a pound dollar we see very interesting trading setup.
on the hourly timeframe, there is a clear rising wedge pattern and we can contemplate
a false bullish breakout that recently occurred.

if we look left we will notice that 1.291 is a mystery level that the market has respected many times before.

and again, this level was touched a couple of hours ago and we see a clear rejection.

now I will be looking for a bearish breakout of this rising wedge.
I need to see a clear bearish violation of 1.286 level to sell the market.

your initial target is 1.274 and your second target is a bit above 1.25

your stop above 1.295!

good luck!
Komen:
formation of a double top
Komen:
Wedge is broken
Komen:
going down
Komen:
almost hit the initial target
Dagangan ditutup: hentian tercapai:
after reaching the first target stop is reached!

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