orvilleawright
Long

BEARISH GBPUSD 4 Hour; Price break and close below support

FX:GBPUSD   British Pound/U.S. Dollar
Nov 9 2015: BEARISH GBPUSD             4 Hour; Price break and close below support
(Analysis Based on 4 hour chart)

Observations
1. Price re-enters long term down channel;
2. Price has broken short term up channel
3. Price close below SR zone
4. RSI oversold
5. Price bouncing at down channel mid point

NOTE: Wait for price action to confirm the importance of this level.

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