Sell opportunity is envisaged on GBPUSD if price continues to trade below 1.27522 today. this is because price formed M-pattern in Daily timeframe and in general , after price retace to M-pattern neck line , we look out for sell opportunities. and on H4 timeframe, price is seen clustering around H4 historic resistance zone. I’d be looking for a shift from intraday bullish to bearish to take trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.