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GBP/USD 4H LONG

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
julez  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD short
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trendanalysis chartpattern indicator gbpusd short
GBP/USD May fall 50-100 pips
Price is moving in an uptrend but is now consolidating and has formed a flag at support 1.2381which could see a move to the downside.

Intraday - 4H
Trade: Sell
Entry 1.2307
Sell or Below: 1.2381
Target TP: 1.2239 & 1.2150
Pivot and Support 1.2381

Alternative scenario:

Trade: Buy
Bur or Above: 1.2381
Target TP: 1.2488 & 1.2394
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