Ferret1500

GBPUSD topping channel - Short from now

Short
Ferret1500 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
I like to keep this as simple as possible in my charts. I’m also new to trading and I’m enjoying learning a lot from this community. These are just my ideas as to where I thing the markets may go.

I welcome all advice and criticism as I hope to improve my knowledge.
Comment:
My thought behind this idea comes from the obvious down trend with the GBP currently. Being the first time I have posted an idea, I forgot to include all my support and resistance lines. However I do like to trade the 50, 100 and 200 ema as support and resistance which are showing.

I would like to see the 100 ema as resistance however if this get broken the 200 ema should act as stronger resistance for price to fall back down around 1.208 levels.
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