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British Pound / U.S. Dollar
Long

GBPUSD Short trade idea

By FXKjell
Updated
4H:

Corrective approach towards entry zone.

= Sell limit set.

1% risk.
Comment
Weekly:

Clear support & resistance zone is there.

-68 Fib has been completed.

snapshot
Comment
Daily:

Market moving in ascending channel. Bulls seem to get tired.

Bearish impulse : indication.

Pattern within pattern: confirmation.
Head & shoulders, Bearish W.

Still trending up making HH's / HL's. Keep in mind.

Clear support & resistance zone is there.

Descending trend line weighing down on price.
snapshot
Order cancelled
Cancelled. USD CPI in 2 hours.
Chart PatternsForexGBPUSDgbpusdshortnakedtradingpatternpriceactionsupplyandemandzonessupportandresistancezonestechincalanalysisTrend Analysis
FXKjell

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