GBP/USD Short opportunity
As you can see we have a small downtrend formed.
We also see price stalling at the .38 fib, price has clearly respected this level as it has been bounced off a few time.
I will now be waiting for price to break the 50 EMA on H1 for an entry.
Simple trade, hopefully some simple money :)
We also see price stalling at the .38 fib, price has clearly respected this level as it has been bounced off a few time.
I will now be waiting for price to break the 50 EMA on H1 for an entry.
Simple trade, hopefully some simple money :)
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