FX:GBPUSD   British Pound/U.S. Dollar
75 0 4
Short on this pair for a number of reasons:

1) We've been forming lower highs and lower lows after rejecting major resistance around 1.2320.
2) We've broken a key trend line , key support level and violated previous structure lows.
3) We've formed a bearish engulfing at the break of the trendline/support area.
5) Price has come back up to test this support turned resistance area and formed a spike.

Trade closed: target reached: Closed for 95 pips profit as reversal may be in the works.
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