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HiteshMalviya

GBPUSD : Nice short opportunity in making

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
HiteshMalviya Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD gbpusdshort gbpusdtrade
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trendanalysis indicator chartpattern gbpusd gbpusdshort gbpusdtrade
GBPUSD is currently trading inside a bull flag formed on daily time frame, and the price is facing resistance at top of the bull flag channel.

MACD is currently bearish and giving bearish continuation indication.

As long price trades inside the bull flag, it can break out but before that, I think GBPUSD can test bull flag support.

So here is the short call:

Entries: 1.2910-1.2940
Exit: 1.285-1.288
STOP: 1.2970
Trade closed: target reached
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