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Bullandbeartrading

GBP/USD Trade Idea

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Bullandbeartrading  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD short swingtrade Forex countertrendline
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trendanalysis chartpattern indicator gbpusd short swingtrade forex countertrendline
Hello and welcome to my Trade Idea of the currency pair GBP/USD.

Lets start with the Top Down Analysis.


Monthly: Monthly has big bearish candles in the past.


Weekly: Weekly is bearish too.


Daily: The daily timeframe shows a pullback to the upside.


H4: On the h4 timeframe we draw the downside trendline and the counter trendline. We wait for a confirmed breakout.


Have a nice day.
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