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FedericoSellitti

GBP/USD breaking the short term uptrend?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FedericoSellitti Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD breakout Bearish Engulfing daytrading swingtrading
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trendanalysis indicator chartpattern gbpusd breakout bearishengulfing daytrading swingtrading
GBP/USD has been in a downtrend for a few weeks, but recently, it showed signs of strength, with a short term uptrend that was following the uptrend line in the chart.
We had a strong red candle breaking through the uptrend line, so I believe that there is a concrete chance to trade this market with a short position.
Setup of moving averages is a bit unclear, so I enter this trade with a slightly lower risk.
Comment:
Removed 1/4 of my position at 1.2410 to start taking profits.
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