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themarketzone
Nov 11, 2015 1:38 PM

Potential Sell Zone could lead to the completion of this pattern Short

British Pound/U.S. DollarFXCM

Description

1.52-1.53 is a weekly/daily resistance zone (includes two structure zones).
The 3 SMA line act also as resistance lines.

That zone could lead to a decline that will push GBPUSD below the major support of 1.5 (or at least back to it).
If GBPUSD will decline below 1.5, it could continue lower to complete a bullish Bat near 1.47

Tomer, The MarketZone.net

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Comment

GBPUSD is inside the sell zone now.

Comment

Trade reached final target zone
Comments
moorekapital
jangseohee
yes, a sell for me
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