orvilleawright
Long

BEARISH GBPUSD 1 Hour; Buy support; Sell resistance; Buy BAT

FX:GBPUSD   British Pound/U.S. Dollar
Nov 5 2015: BEARISH GBPUSD             1 Hour; Buy support; Sell resistance; Buy BAT

(Analysis Based on 1 hour chart)

Observations

1. Price in short term down channel ;
2. Price at 4 hour SR zone
3. Bullish BAT pattern at market
4. RSI oversold

NOTE: Wait for price action to confirm the importance of this level.

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