Skandhatrade

#GBPUSD approaching 1HR &4HR Resistance Area , the potential a D

Short
FX:GBPUSD   British Pound / U.S. Dollar
#GBPUSD Price is trading the Resistance Area and it is also react the 4HR and 1HR resistance so it is possible to a drop And the price also possible to down and touch the 50EMA shooting star candlesticks will formed in resistance area

Why we like it:
Price Trading in 4HR and 1HR Resistance area
formed shooting star candlestick pattern
Attend the 100% fib level
Retrace the price and expect to touch the 50EMA


1st support:
1.38326
Next Zone area & horizontal swing Low support

2nd support:
1.37977
Zone area & horizontal swing Low support

1st Resistance
1.38992
Zone area & horizontal swing high resistance

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