Possible Short Position for GBP/USD_2nd Trade Plan 2017.06.13
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D1 and H4 are both show the overall trend is still down with price is hold below MA200. Currently in H4, price is bouncing up from 3 days low and moves to previous support area turns to resistance 1.27652-1.27821. If price continue bounce back to this area and rejected down, short the market to follow the overall downtrend. With Stop Loss 44 pips and Target Profit 110 pips, the potential trade offers 2.5 Risk-To-Reward Ratio.