FX.co ★ Trading idea for GBP/USD

As expected, pound traded upwards and continued the 3-wave pattern it has on the daily chart.

This is good news for traders who followed the strategy we presented earlier, but is bad news on bearish traders as the movement trapped them at 1.4.

Now, the best bet they could do is to either change into long positions, or wait for a false breakout. Otherwise, they may experience quite huge losses.

(All this idea are under Price Action and Stop Hunting strategies)

Good luck!