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MarlyForex
Dec 18, 2016 6:14 PM

GBPUSD - Still Short Short

British Pound/U.S. DollarFXCM

Description

This pair has been quite stubborn recently not giving the clearest of technical opportunities however,
we have broken both short and long term Ascending Trend lines with a downside move highly on the cards
this is my current position after correcting back into my entry level i have decided to extend my stops by 25 Pips(as shown)

The Daily chart does have a Bullish harami pattern which I'm not to concerned with considering shown USD strength
Stops just above 4hr 50 Ema.

Comment

TP 1: Monthly Supp
Comments
jackmyattFX
BANG ON
UnknownUnicorn261897
I am watching the 1.2568 level myself for a short
MarlyForex
@Unique4xPro, Nice chart yh that level would be trend line resistance so lets see how it plays out, Should be a great one!
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