piphunters
Short

GBPUSD: Sell breakout

FX:GBPUSD   Pound Sterling/U.S. Dollar
700 5 27
The pair is in down trend and currently breaking down out of the smaller degree corrective structure giving us a good opportunity to short it.
Comment:
snapshot
Comment: sell breakout
so what to think of that thing now?
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piphunters ernstschwarz
the structure has not changed at all, any break down you can still sell.
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ernstschwarz piphunters
maybe good to have that double-top now in the chart.
+1 Reply
piphunters ernstschwarz
yes
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Agree. Supported by longer time frame bearish butterfly...
GBPUSD - SHORT (Butterfly or Crab)
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