Fxtoronto
Short

gbpusd hourly day trade

FX:GBPUSD   British Pound/U.S. Dollar
65 1 2
Hello here we might have a possible bearish flag with a very small retracement which might indicate that the extension leg might be atleast 1.618 or higher
entry is close to the 0.236 retracement, there is also structure in that area
target is would be the extension, the 1.27 and 1.618 as the last one
As i make this post i can see that the price is making an inverted hammer which might also indicate a short
cheers
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