GBPUSD has breached the median line of the ascending Andrews pitchfork. Considering the trend is still up and we did not encounter any significant support break, the uptrend should resume. In this scenario, a stop loss should be placed just below the most recent significant support area - the low of the large spread bar represented by the green rectangle and the take profit level should be placed around the upper pitchfork line - the red rectangle area.
If the market starts to consolidate and br…
If the market starts to consolidate and br…
