GBPUSD H4 |
A break of this support area could mean more losses.
Plan is to short the pair on any spikes towards the channel's lower trendline which comes a resistance as well.
Another case might be that price just goes down breaking support. I plan to go short on break and daily close below support level.
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UPDATE: Pair went straight down breaking the support. Going short on break of support gave me a 50pips profit trade.
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