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PlutusX
Dec 1, 2020 12:27 AM

GBPUSD Respecting Resistance Short

British Pound / U.S. DollarFOREX.com

Description

We are testing and currently respecting the 1.3342 level of structure as resistance. Once we get confirmation we can start to look and execute our short idea. Currently price on the daily is giving us an exhausted signal and the 4H is giving multiple tests at a consistent level. We simply must break a level of structure and wait for the environment to shift to bearish.

RR - 1:2.7
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