GBP/USD 4H SHORT
GBP/USD May fall 100+ pips
Insight - Price hit resistance at 1.1808 and reversed back to support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434
Insight - Price hit resistance at 1.1808 and reversed back to support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.
Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434
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