Forexmani
Short

GBPUSD Short opportunity

FX_IDC:GBPUSD   British Pound / U.S. Dollar
After May's speech we had a big sell off of the pound. This resulted in a bullish engulfing pattern on GBPUSD . i expect a pullback before the pair heads to 61.8% fib ratio at 1.2985.
Comment: we are almost back at our anticipated trendline after our short played out nicely following the pullback. two scenarios might playout. either a break or bounce
Trade closed: target reached
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