KarYong

GBPUSD - Will the Services PMI Push Price Lower?

Short
FX:GBPUSD   British Pound / U.S. Dollar
Price completed a 3-wave structure, forming a flag pattern. This completes the corrective structure, and giving us a reason to look for a potential short trade with the upcoming UK Services PMI being a catalyst to move price.

**Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.

The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.

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