kevinkang

GBPUSD heavy resistance

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is doing a retrace right now, and it had very odd price action. As you can see, it tried to test the resistance on multiple occasions, but never seeing luck. There is a very good opportunity to short it from here, as the risk to reward ratio is low. (stop loss above the daily highs)
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