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svenbrueningfx

GBPUSD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
svenbrueningfx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis GBPUSD pound sterling USD GBP short brexit rsi_overbought
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trendanalysis indicator beyondta gbpusd pound sterling usd gbp short brexit rsi_overbought
Going to be shorting GBPUSD on Monday; it had some stong momentum after all the talk of a soft brexit but it is time for a bit of a retracement. There is a consolidated resistance level which can be seen on the chart. Furthermore, the RSI indicator by @ChrisMoody shows that the pound is heavily overbought. I'm setting the stop loss just above the resistance.

Regards,
Sven
Comment:
We also have a tweezer top which further confirms the resistance
Trade active
Trade closed: stop reached
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