GBPUSD 4H has formed a very strong bearish price after a liquidity grab from the monthly level of resistance. The market is already over-extended to the upside and as the price already grabbed liquidity, it is highly likely price will continue to drop as the long-term trend is bearish. Upon the current 4H candle close, if the price action remains bearish, we may open a short position as per the rules of our strategies.
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