Elliot_Myers
Short

Sterling Sell Opportunities

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Awaiting a pull back and an exhausted bull candle to trigger a sell. It isn't clear if price will simply continue down or pull back to allow an ideal entry however keep an eye out as price approaches the 50% fib as it's likely traders will liquidate short positions which will allow for a pull back and re-entry to the downside.

Brexit fears and what I expect will be a dovish BOE statement this week coming should put more pressure on Sterling to the benefit of the downside.
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