FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

The probability of the beginning of a pullback on gbp/usd is clearly visible, with the possibility of turning into a full-fledged decline. The yellow trendline has a rather steep angle, so for today I put the blue scenario on the same level as the secondary options. First of all, I will be watching for opportunities to follow the red path and get a downside breakout from the channel today. And if it manages to visit 1.3580, then starting from Monday, on the pullback, one can try selling and consider the first decline either as a higher-level correction or the beginning of a new trend decline. Although the latter is a purely rhetorical question; no one knows where for whom the correction ends and the trend begins.