GBPUSD - Shorty On The Momentum
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Hi,
Based on the 4H Chart, we can see double top, the trendline breakout, the inability of breaking out the resistance and now, a triangle for the stronger movement of the USD.
A triangle might signal to go up or down. However, due to the recovery in the US Job Market and Biden Stimulus passed, I am going to treat the triangle as the continuation of the downtrend.
Happy Trading!
Based on the 4H Chart, we can see double top, the trendline breakout, the inability of breaking out the resistance and now, a triangle for the stronger movement of the USD.
A triangle might signal to go up or down. However, due to the recovery in the US Job Market and Biden Stimulus passed, I am going to treat the triangle as the continuation of the downtrend.
Happy Trading!
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UK Property Report Cancelled the Trade.
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