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glennmercer

GBPUSD Short - Back Side Retest to Fib Extension

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
glennmercer Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators gmercerfx glennmercer cable
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trendanalysis indicator gmercerfx glennmercer cable
The pound is in a multi-week downtrend. Here's a setup that takes advantage of SMA resistance that may help add to the bearish momentum. Back side retest will provide some resistance at entry which may trigger continuation. Cheers
Trade active
Trade closed: stop reached
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