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JCortes09
Apr 21, 2019 2:04 AM

GBPUSD SHORT Short

FX:GBPUSD1D
British Pound/U.S. DollarFXCM

Description

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Bearish

*Bearish engulfing candle on Weekly timeframe, closing below weekly support.
*New downtrend is being respected.
*Waiting for retest of downtrend which lines up with 50 and 200 EMAs
*50 EMA lines up with 50% Fib. retracement on 4H timeframe.
Trend AnalysisTrend LinesMoving Averages
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