GBPUSD - Hourly Chart - Week of 21 May 2024 - Image
We are still in an uptrend, however, the trend is weakening as we couldn't reach up to the higher parallel line.
We then had a consolidation, broke up above and came back down below it.
As we are in a uptrend, this is a higher risk trade, however, the market is slowly starting to show its hand.
So I've kept my stops small and looking to short it with TP and SL as per chart.
We then had a consolidation, broke up above and came back down below it.
As we are in a uptrend, this is a higher risk trade, however, the market is slowly starting to show its hand.
So I've kept my stops small and looking to short it with TP and SL as per chart.