GBP/USD has been falling steadily in the last few days – in accordance with the following trade opportunity alert that I received for this pair last Thursday. At the time this alert was generated the pair was still moving inside the clearly formed daily Up Channel and was expected to reach the target level 1.5197 in the next 8 trading days. It should be noted that at price this alert was generated (1.5524) the sell entry using the target (1.5197) and stop levels (1.5605) offered the impressive expected reward to risk ratio of 3.6. The pair recently broke the lower support trendline of this Up Channel (as you can see on the second trade alert for this pair).
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The today’s alert for GBP/USD shows how the price fell after the first alert for this setup was generated. As you can see on this alert the pair just broke this Up Channel, which accelerated the downward momentum and which should help the pair reach the target level 1.5197 in the next 2 trading days.