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samgeorgev
Feb 13, 2017 11:31 AM

GBPUSD short trade 7  Short

BRITISH POUND / U.S. DOLLARICE

Description

GBP/USD short
1H momentum down
RSI hitting 80 level
MA200 Rejection pin bar
Strong support/resistance level pin bar
Daily Pivot R1 rejection
Trend line rejection
ABCD pattern
Forming lower lows / lower highs
50% Fib retracement from strong bear sell off
61.8% Fib retracement from following sell off
Enter 1:1 risk reward.

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