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remelthomas

GBPUSD 4 HOUR SHORT

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
remelthomas  
FX:GBPUSD   British Pound / U.S. Dollar
pound sterling GBP (British Pound) cable dollar USD gbpusdshort gbpusd4hrs USD (US Dollar) short SELL Bearish Patterns range breakouttrading breakout breakdown swingshort continuation 382 Fibonacci Retracement 38.2 50%-retracement retacement pullbacks Fibonacci Retracement Fibonacci fib Fundamental Analysis Fundamental Analysis dynamiclevels dynamic 200sma 20ma
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pound sterling gbp-british-pound cable dollar usd gbpusdshort gbpusd4hrs usd-us-dollar short sell bearish range breakouttrading breakout breakdown swingshort continuation 382fibonacciretracement 38.2 50%-retracement retacement pullbacks fibonacciretracement fibonacci fib fundamental fundamental dynamiclevels dynamic 200sma 20ma
LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES WHICH ARE THE 38.2 AND 50 FIB LEVEL. TARGET BACK DOWN AT SWING LOW WHICH IS ALSO A PSYCHOLOGICAL LEVEL.(1.46000) ALSO PRICE SEEMS TO BE APPROACHING A DYNAMIC RESISTANCE (20SMA)
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