On a 4 hour time frame - the GBPUSD looks as tho it has just completed its right shoulder ....
It looks like this pair will move lower. Comment if you have any suggestions or extra analysis you want to add.
Stalled at a daily trendline .. hitting 78.6 Fibonacci retracement level. Stoch and RSI both overbought territory.
Just completed 5 impulse waves.
Look for a pull back or 61.8 retracement on a 15 min and then enter short.
S/L could go around 1.3320
- t/p 1 - 1.3127
t/p 2 - 1.3000
