TerryHarmonicTrading
Short

GBPUSD - Bearish Butterfly Completion (04092016)

FX:GBPUSD   British Pound/U.S. Dollar
The GBP is on a tear, and my various attempt to buy low did not come into fruition.

The next level I will be watching is this bearish butterfly pattern completing around 1.35.

At 1.35, I will look out for the presence of bearish divergence in the RSI as well as bearish candlestick completion before I decide whether to enter my short trade.

Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
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