piphunters
Short

GBPUSD: Resumption of the downtrend? Short opportunities

FX:GBPUSD   British Pound / U.S. Dollar
717 4 24
The pair has broken out of the large weekly corrective structure it was confined to for several weeks, this may well be the resumption of the main down trend and thus it looks good to go short upon a correction to the upside and waiting for a confirmation. If the down trend indeed does resume it would present big downside and plenty of short opportunities in the coming days and weeks.
what a timing... excellent
+1 Reply
piphunters srinivasvk9211
thanks!
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how far will it go mate :) ?
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piphunters janne0536
wait for the confirmation, if the down trend resumes it would mean several thousand pips in the coming months.
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