USDGBP Short

16 mar 2019

On the day chart, the highest ceiling is the second hit on a Major Trend. But there is a shorter trend I identified that has hit more than 3 times. On the third time, it retraced up to 38.20 on fib which is why i believe it will be a steep sell opportunity until it breaks through the floor and tests it as a ceiling before going down. That test will be my entry.