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orvilleawright

BEARISH GBPUSD DAILY:Price broke and close below daily support

Paun British / Dolar A.S. (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   Paun British / Dolar A.S.
GBPUSD Daily Charts orville wright Descending Triangle Ascending Channel Descending Channel SELL short Bearish Patterns price-action structure-trade bulltrap
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gbpusd daily orville wright descendingtriangle ascendingchannel descendingchannel sell short bearish price-action structure-trade bulltrap
Nov 16 2015: BEARISH GBPUSD DAILY:Price broke and close below daily support
(Analysis Based on DAILY chart)

Observations
1. Short term bull channel (Broken and retested)
2. Short term bear channel
3. Descending triangle
4. Break and close below daily support

NOTE: Wait for price action to confirm the importance of this level. Price is consolidating within a descending triangle. Sell channel tops. Sell downside breakout on retest.

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Penafian

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