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Antonio_trader

GBPUSD, potential short

British Pound / U.S. Dollar (FX:GBPUSD)  
Antonio_trader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD
4
0
trendanalysis gbpusd
So far the pattern is working. Retrace to 38.2% then up to extension of 1.618. It could still go higher in theory up to 2.618 extension. The uptrend line within the channel provides a good RRR for a short position. Wait for the break of the trend line and support.
Happy Trading!
Comment:
Comment:
Strong rejection at the 200 SMA, but pattern and trend line break working well.
Comment:
Comment:
Trade went very well, hit the 38.2% retracement and then pulled back, also to 38.2% on the US data release. Let's see which way it goes, but decent profit was made already.
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