GBP/USD H4

 The price has advanced higher after a breakout from the ascendent triangle and is holding above both its MAs after a test and rejection at the 1.6126 resistance.

 This is corelated with the Daily and H4 EU Triple Top so we expect down swings for both.
 A downside correction is also pending for the 1.5986-1.6126 ascendent wave.
 Our trade setup is to sell at the current level with a stop loss above the recently tested resistance at 1.6151 and a target at 1.6030 with a second target at 1.5955.

SELL at 1.6111

SL at 1.6151

TP1 at 1.6030

TP2 at 1.5955

R:R 40/150

Goldenschild Asset Management

http://www.goldenschild.com

Skype

hughes.andre