GBPUSD SHORT M15 ANALYSIS - PRICE AT TOP OF BEARISH FLAGHey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down.
On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week.
We have a pinbar for price action to confirm sellers coming in, with a follow up down move.
The stop loss is set just above the upper line of the bearish flag pattern.
The risk to reward is 2.85.
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