GBPUSD high probability short on upper channel resistnace Short
British Pound/U.S. DollarFXCM
Description
⋅ I see some strong resistance coming up, perfect place to take a high probability short.
Will monitor this one and am looking for daily price to breach upper Bollinger band by as much as possible.
Here is a closer view with the trade plan removed for more visibility.
Comment
⋅ Entered a bit earlier than the trade plan price, still confident in the play. Will be surprised on a major break out to the upside!
Chart update.
Comment
⋅ Nice move down today - especially the pullback rejection shows unveils alot of underlying weakness.