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E7i

GBP USD SCALP

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
E7i Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis GBP USD gu short
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beyondta gbp usd gu short
Currently at supply area
Volume suggests heavy supply coming in
Market should go down to Demand area

AGAINST MAJOR TREND so quite risky
Comment:
Come to think of it, I think the 4 Hour upwards fibonacci will be retested around 1.2968

If this idea is valid, i will put my stoploss to break even once the demand area is reached and let the trade run
If prices reached above 1.3047, i will cut the loss short
Comment:
Bullish pennant just formed which is bad for our trade
But since i dont trade chart patterns, i will leave the trade be
Comment:
I was stopped out before my target was reached
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