GBPUSD: Bearish MC, looking for short opportunities

The GBPUSD traded in a range for a couple of days near an important long term resistance level, but now, it broke through the short term support level and is in a clear bearish market condition:

GBPUSD

GBPUSD

My Trading Plan:

As long as the GBPUSD keeps trading below 1.6076 I will be looking for short trade opportunities.

All short signals will be ignored.

Trade Safe
Raul Lopez

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Tags: Forex majors, GBPUSD Analysis, pound analysis

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Raul Lopez

I've been trading the markets for more than 14 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you trade with better results.