Forexforbeginners

GBPUSD - Sunday analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
Here we have a nice setup on GBPUSD. Price has come up to a nice bearish trend line along with a 4hr structure along with a looking like it is rejecting the 61.80% fib. So what do we have, we have 3 confluences. Trendline, Structure and the fib.

Now as I say in most of my Sunday posts I'm going to wait for the Monday London session to look at getting in to some short positions.

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