On the H4 timeframe, we have identified a support level (current resistance) that the price is already positioned below, providing a breakout. If the price cannot re-enter this resistance level, expect a strong downtrend movement. Remember, the closing and position of the H4 timeframe candle above 1.3150 will serve as a warning for the start of a re-uptrend movement.

Stop Loss @ 1.3160
Take profit @ 1.2997
Note
trade open now
Note
Trade Closed @1.3001 now with 104 Pips Profit. Stay connect us
Fundamental AnalysisgbpusdshortTechnical IndicatorsTrend Analysis

Disclaimer