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mattymorse04

GBBUSD short

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
mattymorse04  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis GBPUSD short shortsetup short-term shorttrade Bearish Patterns signals supportandresistancezones Fibonacci Retracement
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trendanalysis chartpattern fundamental gbpusd short shortsetup short-term shorttrade bearish signals supportandresistancezones fibonacciretracement
FAKE BREAKOUT!!

GBPUSD now heading to the monthly support which is 1.16516 from there we could see a further decline or go back all the way up to the monthly resistance which is 1.21885. If this is the case I will wait for a new lower high and the Monthly support to be rejected twice before I look at taking any long positions. I also used the fib to help find my entry along with the support resistance.
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