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#GBPCNH-Update: Bears Picking Up Steam, Bulls Swiped! #Forex

BRITISH POUND / OFFSHORE CHINESE YUAN (FX_IDC:GBPCNH)  
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FX_IDC:GBPCNH   BRITISH POUND / OFFSHORE CHINESE YUAN
6
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Price moved extremely well since I last posted this pair (See related ideas). Well done if you got this one. Compelling bearish engulfing signal on the breakout of a sideways support/resistance transition line, looks very bearish and downside is expected this week. Could be a 3 wave long term move, but this is unlikely. I hope you have a tested trading strategy to trade this one when it moves.

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