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Dave-FX-Hunter

Brexit Supply takes tha action

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Dave-FX-Hunter  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD pound GBP USD short Supply Zone Demand Zone
3
1
trendanalysis chartpattern beyondta gbpusd pound gbp usd short supplyzone demandzone
Pound was couple months in distribution phase. Banks were closing longs and adding shorts. Fake break out and now its going down the hell.

I have already 2 positions and will add another on retracement.

H4
Already downtrend established by absorbing two demand zones.

D1 Breaking thru the TL ( trend line) strongly which cause institutional trading.

W1
Bearish Engulfing candle, just about to break TL

Targets
1.389
1.3756
1.36
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