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MoolahMaker

GBP/USD - 100 Pips+ Short Opportunity

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MoolahMaker Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Technical Indicators Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdsetup
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chartpattern indicator beyondta gbpusd gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdsetup
GBP/USD has broken under the 50 EMA on the 8H chart and is currently in a strong bearish momentum as the 1H chart confirms weakness.

We can expect GBP/USD to fall further below eventually.

Give it 1-2 more hours for the confirmation of the move.

Trade safe.
Comment:
Somg GBP news out of nowhere regarding U.K. to compromise on the Irish border to get a brexitdeal caused a sudden spike.

We can wait for the pair to stabilize itself and short it if the bearish trend is still active. I expect the next shorting opportunity to happen within the next 8 to 24 hours..
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