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GBPUSD Bearish ABCD and Bearish Total 2 Pattern Update

GBPUSD Bearish ABCD and Bearish Total 2 Pattern

We have a long trade which we entered at 1.32000 yesterday. Our first target was 1.33000.

GBPUSD would complete a Bearish AB=CD at 1.3300. A Bearish Total 2 PAttern would be completed at 1.33380.

Traders who want to use the retracement as a short opportunity, our trade setup.

Entry: 1.33380

Stop: 1.33600

Target 1: 1.33000 / REACHED Close 40% and move Stop Loss to entry.

Target 2: 1.32820 / Reached

Target 3: 1.32620 / Reached.

Target 4: 1.32440

Note: We keep our main long position targeting 1.34500.

Good Luck.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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