AlexxChan
Short

GBPUSD breaks trendline! Heading Lower

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
With a break of a trend developed since last month, GBPUSD             seems like it will continue its downtrend toward lower lows. Currently the pair is sitting at a crucial 61.8% retracement level and has an oversold RSI . I expect the pair retrace back up towards 1.43732 first before heading lower towards 1.42200.
Trade active:
snapshot
Ive made some analysis on this, but didnt take any trade:

+1 Reply
AlexxChan Piet.Hein
nice!
Reply
nice the setup worked perfectly.
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