GBPUSD Short Setup

FX:GBPUSD   British Pound / U.S. Dollar
Trend: Bearish
Structure: Channel / Breakout

Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.

What followed was a breakout of resistance and what appears to be a confirmation of the breakout.

We now look to take a sell to previous low.

Please wait for MACD and stochastic confirmation as MACD is slightly bullish

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