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Cliffsimp

Waiting for further reactions to find the entry position

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Cliffsimp  
FX:GBPUSD   British Pound / U.S. Dollar
Harmonic Patterns Chart Patterns
3
0
harmonicpatterns chartpattern
The price of GBPUSD is now trading between 1.3775-1.3912. I am waiting for further reactions indicating plausible moves in either direction. If it breaks to the upside, the price might rise up to complete a butterfly pattern and reach the 1.3992 level of the potential D point. If it breaks to the downside, the price might retrace and test the top of the descending parallel channel.

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Cliffsimp
Waiting for a reversal to open sell
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