POTENTIAL SELLS ON GBPUSD
REASONS FOR THIS TRADE
- ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE.
- STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605
- EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382.
- EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.
- ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE.
- STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605
- EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382.
- EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.
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