forex-Teo
Short

GBPUSD Structure Re-Test Short

FX:GBPUSD   British Pound / U.S. Dollar
Expansion

Here we have an intraday short idea based upon the third test of a descending trend line . The trend line is also part of a descending channel which has been respected multiple times as well. We can see a wick testing the trend line , then moving into a doji candle, showing the upward pushes momentum being tarnished. I believe this was strong enough confirmation to enter a short, with stops behind the top of the channel and targets at a re-test of the channels bottom trend line .

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