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PITCHFORK - Forex GBPUSD Weekly Analysis Feb 19th - 23rd , 2018

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
ap8forexchange Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Pitchforks Trend Lines Technical Analysis medianline swing highprobability GBPUSD weeklymarketsanalysis
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trendanalysis pitchfork trendline technicalanalysis medianline swing highprobability gbpusd weeklymarketsanalysis
SELL GBPUSD
Area: Pitchfork Upper Line
Channel Pitchfork - Descending

Entry: 1.40160 - Upper Line
Target Profit: 1.37900 - Median Line
Next Target Profit: 1.35300 - Lower Line
Stop Loss: 106.600

Reward Potential: 486 pips
Risk: 144 pips

Reason:
1. Price are moving in downtrend pitchfork channel
2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.
Trade closed: stop reached
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