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MountOlympusFx

GBPUSD Sell: Weekly, Daily & 4hr

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MountOlympusFx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD Forex
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trendanalysis harmonicpatterns chartpattern gbpusd forex
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GBPUSD Short Thesis
- On the weekly price has rejected off 1.3200 monthly for a 4th week with last week candle closing as a bearish engulfing.

- Double top on the weekly timeframe from here I do see price reaching monthly support 1.2800.

- After making new low at 1.2960 price has now pulled back to 1.3268 & 0.79 Fibonacci level.

- If this 1.3268 holds will look to add short positions for a big sell down to 1.2873 for new bearish leg.
Trade active
Comment:
not active please do not sell yet
Comment:
wait for hourly close
Comment:
when trade gets to half way always secure 70% of your profits
Trade closed: stop reached:
Stopped out at break even!!
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