FX:GBPUSD   British Pound/U.S. Dollar
103 0 3
We had an impulsive move down thanks to last weeks NFP, looks like we are in a corrective structure.

This short could be for the wave B down, or we could have already completed the correction and are about to begin the next impulsive move to the downside.

Minimum target NFP low @ 1.50300

Reasons for trade:

  • - Going with the trend
    -Consolidations after an impulsive move down
    -Divergence with AO and Price
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