price @ resistance, possible momentum break out Short

British Pound/U.S. DollarFXCM

Description

⋅ Aug 28, 2014 7:43 AM

Price is at a resistance area. Momentum has established a trend line. However there needs to be a break below the momentum trend line.
if the momentum can break to the down side, look for the market to gravitate towards to the prior support level.