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Trading idea for GBP/USD

Trading idea for GBP/USD

As expected , GBP / USD tested the retracement levels then continued to decline to 1.35700. This formed an inside bar, which suggests further downside potential in the market.

Trading idea for GBP/USD

To those who failed to take short positions last Friday, you can still open some, at least until a false breakdown at 1.35700. After all, the pair is currently forming a third downward wave, and it is the most powerful one among all the waves in the pattern (three-wave).

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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