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GBPUSD 4H SHORT TRADE

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Tradingstrategyguides  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators 800sma resistence retest sellstop takeprofit tradingstrategyguides GBPUSD 4h forextrading
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trendanalysis chartpattern indicator 800sma resistence retest sellstop takeprofit tradingstrategyguides gbpusd 4h forextrading
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
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