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British Pound / U.S. Dollar
Short

GBPUSD pt. 1.1

By EdgarsFX
Updated
Price broke yesterdays support level, but turned around on yesterdays low.

I believe price can go up to test green trendline, but I expect it to go lower today. Green line is a good place to entert new sell order.


Good luck.
Comment
Looks like we have a inverted H&S, I'm not buying, but this pattern can bring GBPUSD up to the blue line, which is good entry point for another sell.
snapshot
Trade closed: target reached
For me GBPUSD target has been reached, it can go lower, but I'm expecting price to turn around soon.
Comment
Waiting for that reversal.
snapshot
Chart PatternsGBPUSDTrend Analysis
EdgarsFX
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