This Morning the Forex Mechanics will be trading short on GBPusd. We will enter at 1.47895 and will take profit at 1.47126 . That is about 70 pips.
Why we are trading GBPusd ? The pair has been going South for quit sometime. It retraces for a while and formed a double top with a very long hammer at 1.50174 which closed at resistance level . These are confluence of events that gives triple assurances that the pair will resume South.
But the irony of it is that nothing about Forex is cast in Stone
Meanwhile see our trade for today
So You At The Next Level

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