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.
Target hit, 1.55817. Not bad...
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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
Entry point around 1.5860 ish
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The 4H is also very strong as we have a crossover and a short drop then Im in
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