FX.co ★ dusty24 | GBP/USD

GBP/USD. The previous long plan on the pound worked perfectly. As expected, the bulls held the quarterly POC and defended their positions from the bears. The price squeezed into a triangle under the inclined resistance, after which there was a classic impulsive breakout of shorts' stops. My long from the lower boundary of the range closed at the first take profit at 1.3530. It didn't reach the final target of 1.3580, as the pair encountered strong limit sells at the highs and underwent a deep technical pullback. At the moment, the bullish momentum has faded, and the local picture has broken. Currently, quotes have broken the uptrend and returned to the zone of heavy volumes, so I expect a continuation of the decline to the lower boundary of the global balance. I will switch to short and enter with limit orders on a test of the mirror level in the range of 1.3490 - 1.3510 with a stop at 1.3545. I set the first target for profit taking at the nearest horizontal support of 1.3380, and the final take profit will be set lower towards the main core of buyers around 1.3320. I will take a standard lot size, working on the new bearish impulse.