kamukak
Short

Short Idea for GBPUSD

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
307 3 3
Again another short is shaping up with good R:R. Only price matter, time scale doesn't matter. This is expected path but could change anytime depending on price action. Another update will be given if price follows the path and get to 155-157 region.
Added to my short position, 16160 stops are above 16270 and 1st target 157 and 155
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makes sense. Momentum is slowing, COTs show a short preference and with an account deficit of 4% GDP the BoE does not want a stronger Pound.
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By the way this trade is purely based on fib numbers, No fancy channels or trend lines !
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