GbpUsd / Short term short trade

FX:GBPUSD   British Pound / U.S. Dollar
90 8 8
See chart
Trade closed: stop reached
YardleyRosette YardleyRosette
@YardleyRosette, For lesser than hourly charts 15 Min:
If this is a reversal into an uptrend then Fibonacci retracement at least of 78.6% will extend to ~1.38780, Fib extension: 145%
YardleyRosette YardleyRosette
@YardleyRosette, but then again at that zone is a moderate resistance.
1 hour after your post (I was sleeping)
YardleyRosette YardleyRosette
@YardleyRosette, Was I sleeping? No the time for me was noon, I was out not checking this.
My daily indicator does signal downtrend, but I believe you risk a retracement. Any how we'll see. Last trade I saw was real good.
YardleyRosette YardleyRosette
@YardleyRosette, 12 candles later, there goes the retracement I spoke of.
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