captain_smollett

GBPUSD. Possible ABCD pattern

FX:GBPUSD   Pound Sterling/U.S. Dollar
Possibly, there is an ABCD pattern forming on GBPUSD             pair. In that case, GBPUSD             is good to short on Monday opening or after a retrace, targeting 1.2695. SL: above 1.33

Notice also bearish divergence on the chart.

If the pattern is confirmed and the move completes as expected, I believe that will be an intermediate bottom for GBPUSD             and expect a bounce to pre-Brexit levels.
Comment: If GBPUSD break 1.30500, it is good to add more shorts. For a moreless secure breakdown at least one 4H candle has to close below the level
Trade closed manually: Pattern close to be invalidated. Closed all shorts manually
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