GBP/USD: trend is short, good sell positions, stop loss 1.5195

GBP/USD: trend is short

Flag formation on H4, around the top levels of the channel, good for sell positions. SL at 1.5195 because break over 1.5192 can change the sentiment and GBP will rise.

CCI is under 0 which means the movemenst is negative, thats why only short positions for now. MA13 is below MA25 also a negative move.

Only a break over 1.5192 will rise the GBP.

 Varchev Traders

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