GBPUSD, Bearish Momentum to Resume

16 thg 2, 2015

I have a short bias on the GBP due to the continued QE and economic outlook. Price has made a pullback into a nice fib and structure zone. On the daily it is forming a bearish engulfing, and on the lower TF it has broken out of its channel. See chart for how I plan on entering this trade. Great R:R, 3:1.