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orvilleawright
Sep 22, 2016 4:47 PM

GBPUSD (1h) Wait to sell resistance and channel highs Short

British Pound/U.S. DollarFXCM

Description

GBPUSD (1h) Wait to sell resistance and channel highs. Price is now at the inner channel high, 50% retracement, close to 127 fib inversion and has just broken a previous swing high. Look for false upward breakout for shorting opportunities and a test of the outer down channel line. Wait for price action to confirm the reversal.
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