Duchess_of_Forex

GBPUSD SHORTS! 70 PIPS!

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
- GU has been ranging for a few weeks, set your TP within the range.
- GU reached monthly resistance and needs a deep pullback before it can break it.
- Friday's daily candlestick closed as a hanging man , which is a bearish reversal signal.
- GU is currently creating a double top on the 1-hour timeframe.
- We need to wait for GU to break 1.41000 (daily support) to confirm long-term bearish momentum.

This is a short intraday move for roughly 70 pips!

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