GBPUSD
has been in a VERY strong downtrend since pretty much the end of 2015 and spark of 2016 as shown in the image below... 
Retail traders all too often forget overall market trend and they get caught up in the confusion of corrective phases like the one we are currently in.
GBPUSD
has been so bearish for so long FOR A REASON, and we do not want to ignore that. There is A LOT of money pushing it lower, so we are only looking to trade this pair to the downside. With that being said, we are waiting a break below and close below this blue supporting uptrend with confluence from our forecasting algorithm and a prediction chance of that forecast of 85% or more. If we get these two criteria at once we will have a very high probable setup to execute a short position, Currently our algorithm is predicting downward movement which halts at the supporting trend line with a forecasting prediction chance of 90%. Therefore we will be monitoring this pair closely to see if we can break this supporting trend line and if the algorithm updates continuing to forecast a downward move upon the break of the support. See the image below for the current algorithm prediction.
i.imgur.com/ZSGtWGy.png]
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Order cancelled:
While we personally did not execute this position, it provided a very good swing/scalp to the downside upon break of the supporting trend line. We hope some people took advantage of this signal. If you like what you see, please do take advantage of our FREE month trial to our signals on our website www.Unique4xPro.com
