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ShawnTheTrader

GBPUSD Short Term Sell

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ShawnTheTrader Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD short overbought Support and Resistance shortterm Relative Strength Index (RSI) Stochastic Oscillator
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trendanalysis chartpattern waveanalysis gbpusd short overbought supportandresistance shortterm relativestrengthindex stochastic
As seen from the chart, price of GBPUSD currency pair has failed to close above 4H resistance level.

Price is now expected to bounce off the resistance level and move towards to next support level and thus, making this a potential short position.

All these can be further confirmed by RSI and Stoch being in overbought zones.

Do let me know what you think.
Trade closed: target reached
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