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avionnieah

GBPUSD Short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
avionnieah Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis
2
0
chartpattern trendanalysis
GBPUSD closed below the 1.22 pysch level on the 4hr chart during London session and has been consolidating at this level on the hr chart. Keeping in mind it is still in a weekly/monthly downtrend, I'm going for a sell to the daily trendline, with TP 2 being the next quarter level.
Comment:
I adjusted SL to 1.2242 and got a reentry @1.2235
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