dead2live
Short

GBPUSD BEAR FLAG

FX:GBPUSD   British Pound / U.S. Dollar
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5
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Tech Analysis only.

Thot I would post this perspective which is a higher probability statistically (see Bulkowski's Flag Patterns, but note he tested other markets).

My favorite pattern.

See Weekly/Daily charts, price is below trend line after a test. Bulkowski's percentage calculations projects a move to 1.14 level for which I won't entertain, but will capture the potential bearish move on lower time frames.
Nov 05
Trade active: 05NOV2017
GBPUSD Sell 1.30647
s/l 1.30961
target: 1.28/managed
Nov 06
Comment: moved stop to 1.3172 (via Daily) in event of false breakout Trade active

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