The Pound reaching resistance : GBPUSD Short

Short

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

ilovetrading harmonicpatterns gbpusd sharkpattern

GBPUSD completed a bearish Shark Pattern. We are positioned to limit short this pair. Indicators are aligned at the overbought zone too.

Trade active:

My Limit Sell order @ 1.4730 has been triggered. I am now in the trade.
Please note the GBP news coming up in 3mins time

Trade active:

Switching my stop loss to break even. Risk free trade now

Trade closed manually:

Closed trade as it bounced off 1.4600 (+120pips)

Comment:

I believe that this is still a down move. I closed my short, and looking to short higher. Expecting GBPJPY to go 40pips higher to short, so I believe I can get to short GBPUSD again too.

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