GBPUSD is standing on a strong resistance! I believe that the price may retrace from the current higher high level. For confirmation, sell the breakout of the minor support on 1H chart. After a breakout we can expect a drop to the support line of the rising wedge.
Good analysis Vasily but a channel such as this one I played both sides for the break, so while I was anticipating the break to the downside I also put a pending order in for the break to the upside of the channel.
Craig_D_Wiz
⋅
@Craig_D_Wiz, Collected some nice pips in the process
pjmurray2010
⋅
Waiting for that big short. Shorted GBP pairs twice in the last 2 weeks and been stopped out twice.Looking at the weekly for an engulfing candle before any further trades.