Forexpride

GBPUSD SWING IDEA TO SHORT THE MARKET

Short
FX:GBPUSD   British Pound / U.S. Dollar
According to my Top Down analysis, On a weekly, price tested the resistance of the weekly channel it has been trending in for months now and on a daily it broke out the support of an ascending triangle and tested it again now as a resistance, on the 4H timeframe, it has been trending inside a falling wedge and on 1H timeframe, it tested the resistance of the falling wedge and formed an bearish engulfing candlestick and began to sell...My overall idea is to short GBPUSD either now or wait for a breakout of the falling wedge before joining the bearish trend and we should be anticipating around 1.15000 as Take profit.. #Forexpride

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