The808Trader
Short

Pound Still Taking A Pounding? - Ichimoku GBP/USD Short Trade

FX:GBPUSD   British Pound / U.S. Dollar
The Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend . If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.
Resistance did not hold, so this setup was not entered and is deemed invalidated right now
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