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GBPUSD: Potential Short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
VasilyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading GBP USD pound dollar GBPUSD poundsterling USD (US Dollar)
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trendanalysis chartpattern waveanalysis forex trading gbp usd pound dollar gbpusd poundsterling usd-us-dollar
snapshot

hey traders,

rising wedge formation on GBPUSD.
though the pair has broken below the support line of the wedge,
I am paying close attention to 1.296 support of a narrow horizontal trading range.

I will sell the pair in case of bearish breakout of the range.
Target levels will be:
1.29
1.28
Trade closed: target reached:
good drop
protecting our position setting stop to breakeven
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