TradingView
A.Sankar
Aug 19, 2017 10:24 AM

short opportunity on GBPUSD Short

British Pound/U.S. DollarFXCM

Description

reasons to short this pair :
1-broken uptrend
2-we're in a short term downtrend
3-price broke 50% fib level with a strong bearish candle

a retest to 1.2952 would be a good opportunity to go short
if the price breakdown 1.2846 level i'll go short directly

you have to look at the 4 hour time frame to decide whether to go short or not

trade with care good luck
Comments
Emilio_Moreu
I think there is a strong pressure and retesting support , notice the RSI divergence so maybe will go long , just my opinion :-)
A.Sankar
@Emilio_Moreu, throw the RSI from the window my friend :-)
More