See also
The trading plan for GBP/USD indicated a potential decrease in prices.
The pair already hit the breakdown area for the third time, exerting pressure that could result in its completion and the continuation of the bullish trend.
In this situation, market players should close long positions to limit possible losses.
The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, the GBP/USD pair continued its movement toward the ascending trend line, and during the night into Thursday, it unexpectedly broke
Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair continued its downward movement, and during the night into Thursday, it experienced a sharp drop. There
On Wednesday, the GBP/USD currency pair continued a sluggish downward movement, which this time lacked any fundamental support. As a reminder, on Monday, the dollar might see increased demand
On Wednesday, the EUR/USD currency pair continued a mild downward movement, which still falls within the framework of the prevailing uptrend. In other words, we are still observing a correction
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