Expecting continuous weakness as price has broke its ascending trendline. Price is now retracing back to Fibonacci levels where our sell zone is marked.
SHORT Setup:
- Watch for a rejection at sell zone for entry - Stoploss: Above the high after entry - Targets: 1.2539 - 1.24200
Good Luck and trade Safe!
Note
GBPUSD 4H UPDATE - Watch break of the red trendline for entry in case we didn't move to our sell zone
Trade active
GBPUSD 4H
Note
GBPUSD 4H - Holding first position
Note
GBPUSD 2H - If you missed the first trade, you can watch our new sell zone for an entry.
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