GBPUSD short oppportunity Short

British Pound/U.S. DollarFXCM

Description

⋅ Apr 17, 2015 6:46 AM

GBPUSD short

Opportunity on 4hr GBPJPY to go short.

Reasons for entry:
- 200 EMA Resistance
- RSI near overbought
- Bearish candles
- Overall downtrend

Exit:
Reward:Risk = 3:1
Stop - 1.5002
Profit - 1.4725

USD (US Dollar)GBP (British Pound)USD