GBPUSD: A Short-term Sell Opportunity

After reaching a yearly low at the 1.2150 level, GBPUSD nicely retraced, forming a bearish flag channel. This week, the price has broken out of its consolidation pattern. The price then retraced and retested the neckline area but was rejected. Therefore, we have entered our short-term sell positions.

Check out our ongoing and previous trading ideas below :)