GBPUSD - Chance for shorting the greenbackYesterday's daily rejection candle indicates that there would be a possibility of price reversal. Located near the resistance area, we could treat the candle as a signal for shorting the market.
You can place the trade now or using sell stop order for a conservative approach. High of the candle will also act as an invalidation or a signal that the market want to break the resistance and continue its upward movement.
Entry: Current price (aggressive) / Using sell stop below yesterday's rejection candle (conservative)
Stop: Above yesterday's high
Target: Nearest support area
Please trade with care :)
