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Aurocks_AIF
Apr 7, 2020 10:23 AM

GBPUSD Close to Commencing The Road South Short

British Pound/U.S. DollarFXCM

Description

GBPUSD 1h chart:
- recharged into the former support area
- completed a bearish cypher
- completed TD Setup (has not perfected yet though)
- neared 61,8% fib level from top to bottom move
- the correction topped above the higher BB with the 20 MA flat

Expecting the pair to challenge previous lows, pursuing the downtrend. This scenario should be invalided about 80 pips higher.

Trade active

TD Setup perfected


Stop @ 1.2401

Trade closed: stop reached

Comments
transparent-fx
I will be having it on watchlist as well, this is my view
Aurocks_AIF
@transparent-fx, thanks, enjoyed the video!
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