mamed1

Yes the trend is showing signs of weakness but...

Short
FX:GBPUSD   British Pound / U.S. Dollar
First look at the Gartley pattern after reaching it's target 78.8 fibo ,second the RSI couldn't penetrate the 60 level which reflect that we're still bearish.another confirmation is the weakness of the buyers when they approached the down trend line ,waves analysis we're still waiting for another down swing ,we still need to see a stronger reaction from the sellers to open positions .
Wait for a stronger bearish price action before opening positions ,selling short targeting 1.3050
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