GBPUSD - Wait for South impulse move

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Price is still inside the inner channel within boundaries of the outer channel. A bit too risky to enter short on the breakout of inner channel. Wait for impulse breaking out of outer channel before going short.
Note
Impulse happend as expected. Wait now for correction to finish. Stop entry targeting bottom Weekly downtrend channel.
Economic CyclesSupport and ResistanceTrend Lines

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