Short from strong daily resistance and 61.8% Fibonacci

Short

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

supportandresistance fibonacci candlestick gbpusdshort gbpusd forex forextrading usd gbp

I am late posting this, sorry about that. However, GBPUSD is in a great region for shorts as the daily resistance has been rejected alongside the 61.8% Fibonacci. In addition we have seen a candle closure below/on this level by the 1 hourly and 4 hourly candles; another confluence.

Trade active:

Currently around 40 pips in profit

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