ChrisThein
Short

GBP/USD 60 min Bearish continuation/Gap fill

FX:GBPUSD   British Pound / U.S. Dollar
I'm looking for price to fill the Gap. There is a 1.618 fib ext and a .618 fib retracement right around Fridays close. I want to get short around 1.3659, stops should go at least above the structure high around 1.3790, you could go higher or lower depending on your trading plan. I would look to take profits back to the swing low 1.3205. There is also a bearish 2618 trade opportunity at 1.3357, I wouldn't get short there just because price has been so oversold and the big unfilled gap. There is also some bullish RSI divergence on the 60min as well. This could be a potential buying opportunity. Look for a double bottom etc around 1.3160's-90's. Plenty of opportunity's, good luck trading out there.
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