The pairs looks like it has completed a Running Flat correction and is now set to move lower potentially retesting the 1.20 region.
This post is a follow up of the last GBP/USD post I made where we are now discarding the leg up before the final move down.
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For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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