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Piphunters1
Apr 12, 2015 10:01 PM

More downside on the GBPUSD to come. Short

British Pound/U.S. DollarFXCM

Description

More downdise before we can see some reversal on the GBPUSD pair, since we just passed Demand zone on both weekly and daily.

On weekly we broke DZ @ ~1.50, and then broke daily DZ @ ~1.48.

Enter short at retracement on H4 SupplyZone (1.4675-1.4700) Try to time entry on H1 (or M30)

Target on this trade is ~1.40. But i recommend to take 2/3 of your lots if we hit next DZ @ ~1.4450
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