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Short GBP/USD on imminent break-out betting that it will fail
British Pound / U.S. Dollar
Short
Short GBP/USD on imminent break-out betting that it will fail
By tradingalone
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Feb 14, 2016
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Feb 14, 2016
Very strong monthly, weekly, daily downtrends.
Huge yearly consolidation + break-out pattern for GU.
This thing is on track to go below 1.00.
Look for a break-out failure to short.
This is a Tier 4 trade because all trends are aligned and on the monthly we have closed below the 1.481.
BEST
GBPUSD
short
tier4
tradingalone
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