GBPUSD Short - Back Side Retest to Fib Extension Short

British Pound/U.S. DollarFXCM

Description

⋅ Jul 17, 2019 2:40 PM

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

⋅ Jul 17, 2019 2:43 PM

Trade closed: stop reached

⋅ Jul 19, 2019 12:54 PM

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