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halian2k

GBPUSD Bearish Momentum Supported by CPI News

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
halian2k  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis GBPUSD gbpusdshort gbpusdsell gbpusdsellstop
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trendanalysis chartpattern fundamental gbpusd gbpusdshort gbpusdsell gbpusdsellstop
GBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month.
Trade Plan ( Bearish Bias)
(1) Dow Consecutive two LHs and LLs
(2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum
Placed Sell Stop instead CMP.
Placed TP at 61.8% Fib Level
Placed Stop Loss at previous LH
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