Price has downside break out of pendant. With current rate cut and QE program launched, we might see more downside for GBPUSD. I am planning to short it after a break of these red zone and short the pullbacks
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nice! Shorted from pullback at 1.315 before NFP. Plan is till on.
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I have moved stoplos to 1.307. Just look at the rejection from 16 August, what do you see? do you see strong red candle as in previous ones? I don't. So this is most likely a corrective structure (bullish flag starting from 1.287 to be precise) thats targetting to break the upper red zone.
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Broke upside during news