FinancialGamblR

Awaiting GBPUSD entry on weekly bearish signal

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
This pair made a relative high two weeks ago and we are now continuing in the second week of a sell-off. However, this trade is still waiting to take place. given the current moving average consolidation and acceleration away from the averages, the momentum is picking up. However, over on the lower time frame, I do not have a clear opportunity to take a short position. Please see the next published idea for my lower time frame observation.

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