rjdyerz
Short

GBPUSD Short Pattern

FX:GBPUSD   British Pound / U.S. Dollar
GU bear flag has broken downwards.

If GU breaks the consolidation pole pattern bottom, I am looking to short to 1.3227 then to the 240 trend bottom around 1.3200.

This is a short term TA. We will see if it fills tonite or Friday morning.
Comment: I took profit at 1.3240 as I figured the pair would stall before the end of the session. Came within 12 pips of our first target!
Comment: After a large pullback to the .618 fib, price broke the trend line and went right to my S/R line and -1.270 fib to the PIP! That's why you should always keep an eye on the .618 fib.
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