TextBook Movement for GBPUSD to Go Down

Possible sell for GBPUSD. Price has remained under both the 200 and 50 EMA indicating a short bias. Price has recently broken out of a monthly trend line, descending triangle, and it seems to have retested the trend line within 1 day, this can indicate that there will be a strong move towards the down side. I have placed a big trade with a stop loss of around 35 pips and. take profit of around 190 pips which makes for a great RISK:REWARD ratio of about 5.5/1. Keep an eye out for updates as I will be following this pair closely. GBPUSD

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