lonelytrader

GBPUSD - SELL

Short
lonelytrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Break out of profession Re-distribution area which also had a bearish harmonic pattern then a retest of the continuation pattern support area, which should now act as resistance. Price also rejected the 50EMA in confluence with a 61.8 after a double top that formed earlier today. Expecting price to drop further and put in new lows should things play out accordingly.
Comment:
Stops should be at breakeven at this point and partial profit taken
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