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thawkbid

Shorting Pound against Dollar

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
thawkbid  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns GBP USD GBPUSD gbpusdshort Bearish Patterns bearishrally trendreversal Fibonacci Retracement
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trendanalysis harmonicpatterns gbp usd gbpusd gbpusdshort bearish bearishrally trendreversal fibonacciretracement
A trend reversal from 0.5 retracement level of previous bull rally, and subsequent lower highs are a strong indication for the upcoming bearish trend.

The strong bearish candlestick pattern on the hourly chart at the current price might be indication of a new lower high, making it a good time to short.
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