spesfinancial
Short

GBPUSD Short bias confirmed, looking for short entry

FX:GBPUSD   Pound Sterling/U.S. Dollar
260 2 6
After a week's time we finally have a decisive bearish candle confirming the short bias of GBPUSD             . It is a better pattern with a fake upside breakout on the resistance. Currently we can see there is a potential short-term support nearby, so it may be hard to take short entry now or very soon. If price could have a consolidation at this support, we may find a good opportunity to enter short with a small intraday trading SL to achieve a mid-term profit. Otherwise, if the price breaks the short-term support with another decisive candle, we will try to find a intrayday chance below the support.
Comment: It seems that price has breaks short-term support zone. I will look short entries since tomorrow. It would be better if price could retest previous support and then start to drop.
Comment: Keep an eye for short GBP cross pairs as well. GBPAUD, GBPCAD, GBPJPY may bring good opportunities tomorrow.
spesfinancial PRO moorekapital
sorry i don't understand your idea very well, but i believe we have same short bias on this pair.
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