GBPUSD SHORT M15 ANALYSIS - PRICE AT TOP OF BEARISH FLAG

2019-10-31 05:05:27

Hey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down.

On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week.

We have a pinbar for price action to confirm sellers coming in, with a follow up down move.

The stop loss is set just above the upper line of the bearish flag pattern.

The risk to reward is 2.85.




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