GBPUSD SHORT analysis
We were able to successfuly achieve our target for the long trade.
however, now the price is rejecting from 50 percent fib level and DXY getting stronger from lower 61.8 retracement. any close below 1.3495 on H1 or H4 will confirm the sell setup.
be mind full that it will signal a reversal in trend and will take out 1.3472 or lower towards 1.3060 .
best of luck
SL 1.3680 or higher boundary of 1.3710
however, now the price is rejecting from 50 percent fib level and DXY getting stronger from lower 61.8 retracement. any close below 1.3495 on H1 or H4 will confirm the sell setup.
be mind full that it will signal a reversal in trend and will take out 1.3472 or lower towards 1.3060 .
best of luck
SL 1.3680 or higher boundary of 1.3710
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