Bearish Trend Continuation Trade GBPUSD

18 Ara 2017

There is a potential opportunity to get short on the GBPUSD. The market looks to be in a bearish trend with two potential target zones coming up. At first glance the trend looks to be a bit weak considering the each low is not far below the previous low, so if I were to trade this I might be a bit conservative and look for a double top or other reversal pattern rather than just a single candletstick reversal pattern. Entries and targets are indicated by green boxes and stop loss is indicated by red line.