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shambolicFX

GBPUSD - Analysis, a 'Sell' opportunity

Short
British Pound / U.S. Dollar (PEPPERSTONE:GBPUSD)  
shambolicFX Updated   
PEPPERSTONE:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
GBPUSD, H4 - 'Sell' idea:

Daily and weekly charts MACD indicate a bearish momentum turning point.

EMA 34 has crossed EMA 55 and a bearish Pennant pattern is formed.

Awaiting a breakout for the entry - can take ATR into consideration for SL and TP

PS: Please trade according to your analysis, good luck!
Trade active:
The trade is running.
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