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MountOlympusFx

GBPUSD SELL: Weekly, Daily & 4hr breakdown

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MountOlympusFx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD Forex
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trendanalysis harmonicpatterns chartpattern gbpusd forex
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GBPUSD Short

+ Weekly: Last week candle closed bearish and closed below 1.1360. Ascending trendline also broken swinging momentum from bullish to bearish.

+ Daily: After 4 days of rejecting off 1.3200 monthly & forming 2 shooting strars price finally fell breaking through 1.3160 and closed below 1.3097. Moving averages have now crossed bearish.

+ 4hr: After breaking 1.3160 price pulled back to this level and retested it now breaking 1.3097. Now looking for retest of 1.3097 for possible entry.
Trade active
Trade closed manually:
Going to close this early at +50pips because 1.3000 is a very strong level and we seem to be trapped in a range. Once this level is broken then i will look for sell opportunities
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