ForexVader
Short

Preparing to Pound Down - GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
Consolidation over the last week has created this nice ascending triangle, finding resistance at 1.5000, which coincides with the 0.382 Fibonacci Retracement Level. Space is running out now and the last 4H candle is a nice Harami Gravestone. Time to break out on the downside.

Safe entries would be at 1.49 with a SL at 1.503.
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