Mennzz

May 12, 2014 | GBPUSD | Bearish Thunderstorm Is Coming!

Short
FX:GBPUSD   British Pound / U.S. Dollar
4
The breakout of the soaking wet cigar pattern shows bearish sentiment to the downside with a "Sell in may, go away" bearish move, all the way to the 0.382 fib retrace of the large monthly upmove. It would likely be followed with a retrace up and more downside to follow through, or the less likely continuation of the upward monthly trend. Tread carefully and enjoy the show! :D
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