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MountOlympusFx

GBPUSD 100pips Sell off on the cards!!: Weekly, Daily & 4hr.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MountOlympusFx  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD Forex
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GBPUSD Short Thesis
Weekly:
• New high was made at 1.3200 resistance.
• Price rejected off 1.3200 and is now retracing.
• Moving averages have crossed over bullish.

Daily:
• Price broke through 1.3000 weekly resistance with clean bear candle.
• Also broke through both moving averages.
• 2 shooting star candles formed on way down signalling bear strength.

4hr:
• New bearish leg was formed at 1.2924 after break of 1.3000 zone.
• Now expecting retracement to zone then short for a huge sell off!
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