SDMarik
Short

GBPUSD, nice short setting up!

FX:GBPUSD   British Pound/U.S. Dollar
169 0 4
9 months ago
GBPUSD             has responded well to the resistance it has developed on its upper trend line (4h) and has broken the support underneath it, which is also the first fib retracement level.

The move is made more significant by the fact that it also broke its 100MA after trying to test it and started a sharp run downward after that. It was bouncing between its 100MA as a support and its 50MA as a resistance.IIf it is able to consolidate at or under the 1.4350 level, look for a nice breakout on the short side

Look for your first TP to be at a full retracement of this move as it continues the trend downward.
9 months ago
Trade active: Set up is completing, load new bars..don't miss out.
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