GBPUSD Short Short

British Pound/U.S. DollarFXCM

Description

⋅ Jun 19, 2015 4:42 AM

Short term trade on GBPUSD

Confluence factors
- Rejection of trend line
- Rejection of .5 weekly fib
- MACD divergence
- Rejection of W200 EMA

Take profit where the 200 EMA, trendline, and .5 daily fib converge.
Approximately 1.4 R/R