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UKTRADERS21

GBPUSD SHORT

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
UKTRADERS21  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
2
0
trendanalysis supportandresistance trendline
Entering a short trade on the pullback from the current daily resistance. The daily candle shows a strong bearish reaction, and the 1-hour chart provides multiple clues for a potential reversal. The previously observed rising channel has broken, forming a head and shoulders pattern with a neckline break below.

Entry: 1.2681
Stop Loss: 1.2745
Target: 1.2603.
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