GBPUSD H4- Market currently in a downtrend & is trending below the 50EMA.
Reason For Entry- (Fundamental Analysis)- The Pound (£) Markets are EXTREMELY volatile right now traders following comments from British Cabinet Minister Michael Gove saying that he made clear that the UK would not withdraw the Internal Markets Bill. This comment effected the GBPUSD as it has plummeted 1.45%.
(Technical Analysis) - Market Pullback move followed by Engulfing Candle.