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Joe_Keegan

GBPUSD COUNTER TREND BREAK (1HOUR)

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
Joe_Keegan  
FX:GBPUSD   Livre sterling / Dollar américain
GBP USD GBPUSD gbpusdshort SELL continuation lowerlows lowerhighs hourly lower short shortsetup down downtrend
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gbp usd gbpusd gbpusdshort sell continuation lowerlows lowerhighs hourly lower short shortsetup down downtrend
As posted in a previous post I am expecting GBP/USD to make new lows with a break of 1.28000. An opportunity is now forming on the hourly to try and hop on the trend a bit earlier with a break of a counter trend line. The 1.3000 level has been rejected 3 times now and a breakout retest continuation of the counter trend line could send us lower. Targets would be at 1.28000 and 1.25750 (account for potential increased margins for targets).
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