zcsniper
Short

Chart of the day! GBPUSD looking for a short.

FX:GBPUSD   British Pound/U.S. Dollar
Currently sitting on a double top of 1.5767 and starting to test the fib zones around 1.5705. If this is breached we should see a gradual downtrend formation from 1.5705 down to 1.5542 - I've been also checking out the True Strength Index and seems to be helping me find a solid entry point on larger time frames for a day or two positioning.

Though.. with the current support of 1.5720-1.5760 we should start seeing some strong movement this evening (I'm in Canada) which should trigger a few stops on these fib zones.

Speculating this call, haven't done much fundamental research lately so maybe you could touch me up with it if any of you want!
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