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LukeFagan

Trend Continuation trade 4hr

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
LukeFagan Updated   
FX:GBPUSD   British Pound / U.S. Dollar
structure-trade AB=CD Fibonacci Retracement shortsetup Bearish Patterns
4
5
structure-trade abcdpattern fibonacciretracement shortsetup bearish
Since price actions spike up! we have seen strength in the dollar! my bias on this pair is currently bearish due to price action pulling back into previous structure (with fib confluence in the same area) and having a instant reaction once in that zone.
i predict price will drop down to the 1.28100 level (previous resistance now acting as support) BUT WE SHALL SEE
Trade active:
Target 1 Hit going to trail stops to target 2!
Trade closed: target reached
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