POTENTIAL GBPUSD SHORT
TRADE = SHORT
1) CONTINUATION PATTERN FORMING - BEARISH PENNANT FORMING ON DOWNTREND
2) ASCENDING TRIANGLE - POSSIBLE BREAK TO EITHER UPSIDE OR DOWNSIDE
3) DAILY CHART - SUPPORT TURNED STRONG RESISTANCE FROM 15/1/2016 POSSIBLE BREAK
4) 1 HR CHART - STRONG TRENDLINE RESISTANCE
AWAITING FOR PRICE TO BOUNCE OF RESISTANCE AT 1.4370
ENTRY ORDER - 1.4345
STOP LOSS - 1.4444
TAKE PROFIT - 1.4230
R:R - 1.16
1) CONTINUATION PATTERN FORMING - BEARISH PENNANT FORMING ON DOWNTREND
2) ASCENDING TRIANGLE - POSSIBLE BREAK TO EITHER UPSIDE OR DOWNSIDE
3) DAILY CHART - SUPPORT TURNED STRONG RESISTANCE FROM 15/1/2016 POSSIBLE BREAK
4) 1 HR CHART - STRONG TRENDLINE RESISTANCE
AWAITING FOR PRICE TO BOUNCE OF RESISTANCE AT 1.4370
ENTRY ORDER - 1.4345
STOP LOSS - 1.4444
TAKE PROFIT - 1.4230
R:R - 1.16
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