SHORT OPPORTUNITY FOR GBP/USD

GBPUSD

GBP/USD: Target Sell @ 1.32800, SL @ 1.3315 TP 1.3200

Reason...

1D overall trend is downtrend, and price rejected from the Upper trendline. This indicates more downward movement.

4H- Bearish Marubozu formed on 4H timeframe, indicating strong selling pressure.

Entry strategy: wait for retracement in the marubozu area and price forming weaker momentum, then short.

TRADE AT YOUR OWN RISK.

Trade active:

Price is in our favor. It is possible that price can reach our targeted area. However, price still in sideway. Confirmed direction can be observed only after the breakout.

Trade closed: target reached:

As predicted, GU hit our target level.

More downward movement can be observed.

+80 pips (2 times reward) for this trade.