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GBP/USD 4H SHORT

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
julez  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis Technical Indicators short GBP USD
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chartpattern trendanalysis indicator short gbp usd
GBP/USD May fall 100+ pips
Insight -  Price has broken out of trend line but trend is still moving downwards continuing to test
Resistance at 1.1808 support at 1.1434.  

Intraday -  4H
Trade: Sell 
Entry: 1.1344
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133

 
Alternative scenario:
 
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808  & 1.2039
Pivot and Support  1.1434
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