FX:GBPUSD   British Pound/U.S. Dollar
152 3 0
GBPUSD             setup on the 4h chart. We are approaching significant resistance, there is fibs confluence including a 38.2% retracement from the big drop of 2008, we also have RSI bearish divergence and an ABCD pattern completion on both daily and 4h charts. Feel free to sell at market or wait for further confirmation if you are more conservative. You may use a 1st target at the green line (1.6082). This is a trade where we can lose a little, or win a lot. That's how it should always be. Good luck

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It's possible, not an issue for me considering the size of the trade. Also, RSI already bearish and the last candle made a rejection of the recent minor structure. Of course it can still go up, never said that it couldn't. But according to my rules and my RR on this one, I'm ok taking the trade right now.

Best regards
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indicator says it will go up a little.
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My mistake, stops go to 1.6472, above structure.

Best regards
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