GBPUSD, August/8-11, Daily. Expecting a deep dive

GPBUSD is in a big, perfect downtrend. 1.3200 becomes an important resistance and price is very weak, just hovering above the major support at 1.2950 level.

With the confirmation of the MACD bearish cross on daily chart, I am expecting a fast downward momentum in August until we reach 1.2630 level.

Update: SL Moved to 1.2982

Action Sell Stop
Expiry GMT+8: 10/Aug/2018 23:59 UTC: 10/Aug/2018 15:59
Open Price 1.2970
Stop Loss 1.3110 1.2982 1.293 (Update 14/8) Trailing stop to breakeven
Take Profit 1.2632 Risk-reward ratio: 2.414 28.167

14/8 Update: This trade is now a winning trade.