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Krystiannwk
Jun 20, 2017 12:19 PM

GBPUSD great price action for short trade  Short

BRITISH POUND / U.S. DOLLARICE

Description

GAP on daily chart stopped bullish movement and accent it with very nice bearish candle. We can clearly see head and shoulders formation(black ticks). This pair is in bearish trend since brexit votes. Price action like this suggest continuation of bearish trend. Respected GAP head and shoulders big bearish candles and pair is trading below 200 ema. It seems like that 1.3000 was significant psychological level which stopped all the bullish movement.
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