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AlexMichael

GBPUSD - Shot in the dark SHORT

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
AlexMichael Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Technical Indicators Trend Analysis GBPUSD gbpusdshort Forex
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chartpattern indicator trendanalysis gbpusd gbpusdshort forex
Incredible risk reward opportunity here, could be seen as a wedge or a double top breakdown. This is a coinflip I am personally taking.

The indicators are telling us there is some bearish momentum to this one with a low rsi on a retest of the trendline/horizontal support and an already bearish MACD.

Not financial advice.
Comment:
snapshot

Can take some profit here due to an inverse head and shoulders appeaering with some bullish indicator on the 1hour timeframe.
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