IvanLabrie
Short

GBPUSD gathering forces to cross the cloud down

FX:GBPUSD   British Pound/U.S. Dollar
56 4 9
Once we see a weekly close below the cloud, we can get ready to short this pair.
Entry can be from the daily, on a pullback, stop over 1.6045.
Target would be the area below 1.558 and its whereabouts.

Trade will get invalidated if we cross above 1.6045.
The 4H is also very strong as we have a crossover and a short drop then Im in
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Entry point around 1.5860 ish
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Might be nice for some short term moves, but I feel it needs to get out of the current range to really move.
+1 Reply
Target hit, 1.55817. Not bad...
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