FX:GBPUSD British Pound/U.S. Dollar
This pair is showing a nice trend - counter trend pattern. We have had the ABCD move down and have completed the countertrend move. Using we can pick an entry point, when we get a candle closer with good momentum below the the Tenkan sen, we can short this pair. The last hourly candle is a which adds to the trading idea. With the EU referendum happening this week, (uncertainty) may be too high. That being said, please understand the wave pattern we have seen.