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chavezallen
Dec 10, 2017 6:37 PM

GBPUSD: POTENTIAL SHORT POSITION. Short

British Pound/U.S. DollarFXCM

Description

Confluence:

1. Strong bullish breakout above 1.46520 daily support.
2. Observation of higher lows on 4HR timeframe becoming eak. (TRADING TF)
3. Observed ascending broadening wedge pattern on 4 HR TF.
4. Waiting for a break below 1.46520 daily support before entry.
5. Wait for market open to observe price action at blue area
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