Hello Traders,
Here I'm looking at GBPUSD On the 1 Hour time frame. I'm expecting a short from my current Analysis. I Am still waiting for a breakout of the trends to confirm this trade. As you can see I have two Trend lines converging on each other and meeting. What I am looking for is a breakout to the downside of these trend lines and a short. I've got Two Take profit levels drawn up on the chart as of right now. Let me know your thoughts on this trade.
Here I'm looking at GBPUSD On the 1 Hour time frame. I'm expecting a short from my current Analysis. I Am still waiting for a breakout of the trends to confirm this trade. As you can see I have two Trend lines converging on each other and meeting. What I am looking for is a breakout to the downside of these trend lines and a short. I've got Two Take profit levels drawn up on the chart as of right now. Let me know your thoughts on this trade.