->In this analysis I looked at the currency pair GBP / USD, the analysis comes from a 4 hour chart. As we can see in the chart, a pattern falling wedge was created. The price bounced off the support (1.30030) and I expect a downward movement to price points 1.27735 (TP1) and 1.26710 (TP2). Entry into the position is the current price. === ->If the price changes upwards and breaks the resistance (R - 1.30030) and exits out of the channel, this trade does not apply. === (Sell) Entry = Current price TP 1 = 1.27735 TP 2 = 1.26710 SL = 1.31885
=== ->If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like. === -This is not financial advice. Trade safe!