marcomihaicondrache

GBP/USD short idea

Short
CAPITALCOM:GBPUSD   British Pound / U.S. Dollar
GU reached 1.60x resistance and started to create rejection candlesticks.
The price consolidated a little inside the box and then started to drop.
A change in the market structure was another confirmation of the next move.
RSI was in overbought zone in 15m and 1H timeframes.
RSI also formed a divergence on 15m.

Fundamental analysis is also on our side.

Trade with 1:12 RRR

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Comment:
Price just broke 1.35 key level and reached consolidation box size. Expecting LH to enter another trade.
Comment:
Price waiting for Brexit news
Trade closed manually
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