GBPUSD
Weekly dark cloud cover pattern, daily bearish engulfing – this one is going to retrace more. 4H TF close below the support trend line hints that it is very likely to expect breakout validation and full retrace to at least 50.00 Fib. Close below 50.00 Fib could invalidate bullish setup from previous weekly newsletters. If such thing happens I would expect full retrace to 61.80 Fib and possibly new low – game changed. Short term - I would like to sell the best price available.
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