after a false breakout of the cable on the 4h chart, i think it's the best time to sell the GBP USD, next target it will be the high on the uptrend.
Good Luck
after a very small down trend, you can find the strategic divergence with strong bullish candle, those reason we give a good opportunity to go long with best Risk/Reward Ratio, we can except 127% of fibonacci extention
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in this stituation we have two reasons to make a short position, 1: we had an uptrend but we have broken it with strong red cacle (you can see the red arraw) second test with second red candle, 2 reason: we have a clear bearich divergence in stochastique .
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Hello Dear Traders, i hope you are fine, after analysing the cable in daily timeframe, i see the end of correcton, in the red arrow you see a week signal of sellers that means the buyes in controller that's why we should wait till the green arrow and this we can take a buy postion with take profit in 127% and 141% fibonacci extention.
Good Luck