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lonelytrader
Aug 8, 2019 3:53 PM

GBPUSD - SELL Short

British Pound/U.S. DollarFXCM

Description

Break out of profession Re-distribution area which also had a bearish harmonic pattern then a retest of the continuation pattern support area, which should now act as resistance. Price also rejected the 50EMA in confluence with a 61.8 after a double top that formed earlier today. Expecting price to drop further and put in new lows should things play out accordingly.

Comment

Stops should be at breakeven at this point and partial profit taken
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