"short setup" by trader Ahmxd94 — published 2018-01-10

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Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

chartpattern indicator trendanalysis gbpusd gbp usd short

-bearish cypher pattern
-rsi bearish on h4 timeframe
-expecting it to break support

Comment: SL moved to 1.35400
and new TP set to 1.33500
Overall trend still bullish and I don't expect GBP to waterfall down yet since on the weekly and the daily there hasn't been a strong rejection of higher prices.

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