Possible Short Entry in GBP/USD 21/12/2019

2019-12-22 08:12:47

1) Downtrend after candle close below MA (9).
2) Possible creation of a bearish channel consisting of the last 2 lowest highs.
3) Possible rupture and testing of the 78.6% level of fibonacci.
4) Stochastic in positive zone with possible bearish direction.

Entry= 1.29947
SL= 1.31127
TP1= 1.28373