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Keashif

GBPUSD LONGTERM SHORT TRADE

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Keashif  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdshort longterm Technical Analysis
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trendanalysis chartpattern gbpusd gbpusdshort longterm technicalanalysis
GBPUSD broke major trendline in daily chart the market pull back to test broken trendline and rejected it the market retraced back to 1.3030 level for the next week it is highly expected that GBP USD will continue the down trend towards the next major support level at 1.2785

Thus,

Sell GBPUSD @ 1.3030
Take profit @ 1.2785
Take profit 2 @ 1.2489

The running period of this trade will vary from 14 to 18 working days.
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