GBPUSD 4H SHORT TRADE
Pair has not created a new high
Macd is below Red signal so bearish bias trade
800 sma is creating a resistance level
Price may re-test 800 sma - expect failure and price to continue bearish bias
Short Trade
Sell Stop @ 1.2829
1st Sell Take Profit @ 1.2799
2nd Sell Take Profit @ 1.2770
3rd Sell Take Profit @ 1.2736
Take 1/3 profit at 1st and 2nd TP levels
Close trade is Mace goes above Red signal line
SL above closest fractal high
Macd is below Red signal so bearish bias trade
800 sma is creating a resistance level
Price may re-test 800 sma - expect failure and price to continue bearish bias
Short Trade
Sell Stop @ 1.2829
1st Sell Take Profit @ 1.2799
2nd Sell Take Profit @ 1.2770
3rd Sell Take Profit @ 1.2736
Take 1/3 profit at 1st and 2nd TP levels
Close trade is Mace goes above Red signal line
SL above closest fractal high
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