Brexit Supply takes tha action

Pound was couple months in distribution phase. Banks were closing longs and adding shorts. Fake break out and now its going down the hell.

I have already 2 positions and will add another on retracement.

H4
Already downtrend established by absorbing two demand zones.

D1 Breaking thru the TL ( trend line) strongly which cause institutional trading.

W1
Bearish Engulfing candle, just about to break TL

Targets
1.389
1.3756
1.36