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SniperFX
Aug 27, 2015 9:27 PM

GBP USD SHORT TRADE 27.08.2015 

British Pound/U.S. DollarFXCM

Description

Confluences to enter the trade short -
  • BROKEN THROUGH TREND LINE
    CLOSED BELOW TREND LINE
    CLOSED BELOW MONTHLY SUPPORT AREA
    BEARISH ENGULFING MARUBOZU CANDLE
    MA'S CROSSOVER TO THE DOWNSIDE ON DAILY / 4 HOURLY
    LOWER HIGH
    LOWER LOW
    HEAD & SHOULDERS PATTERN
    BROKEN DOWN THROUGH PREVIOUS RANGE WHICH HELD FOR 1 MONTH
Comments
SniperFX
Price has so far played out as expected........i wonder what the FED will surprise us with this week and what impact that will have on my analysis above
PRICE is now at Support turned Resistance and is in a state of indecision - maybe waiting for the outcome of news this week....
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