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thriftyFish64104

Break of Major Bullish Trend Line. Prepare For Sell Opportunity.

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
thriftyFish64104  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD gbpusdshort Trend Line Break SELL shortopportunity
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trendanalysis gbpusd gbpusdshort trendlinebreak sell shortopportunity
The bullish trend that started over a year ago has been broken by a bearish engulfing candle on the weekly chart. I would look for price to pull back to somewhere between the 38.2 and 50.0 fibonacci retracement levels before starting another push down. As always, wait for confirmation candles within the zone before selling.
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