GBPUSD Short

Open: 1.39150
Take Profit(1): 1.37500
Take Profit(2): 1.35150
Stop Loss: 1.40400

Open
1. Downtrend on 1 and 4 hours chart
2. Open position near 4 hours 50 EMA (Blue line)

Take Profit (1)
Major price sructure 1.37100 - 1.37500( yellow area)

Take Profit (2)
1.Major price structure 1.34600 - 1.35150 (green area)
2. close to the bottom of the major uptrend

Stop Loss
Above 20 pipes of previous high
Chart PatternsGBPUSDpricestructureSELLTrend Analysis

Disclaimer