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orvilleawright
Oct 30, 2015 2:00 PM

BEARISH GBPUSD 1H: Sell resistance and bearish cypher Short

British Pound/U.S. DollarFXCM

Description

BEARISH GBPUSD 1H: Sell resistance and bearish cypher
(Analysis Based on 1 Hour chart)

Criteria
1. Long term up channel (now broken being retested)
2. Short term down channel (now broken)
3. Daily support/resistance
4. Bearish cypher pattern

NOTE: Wait for price action to confirm the importance of these levels.
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