danresdidualfx

Trade setup: GBP/USD analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
price has retraced into the highlighted region, forming a right shoulder. Even though the price seems bullish, due to the break of the trendline, there have been some key selling pressure from the 1.27500 region, we can expect the price to rally towards the downside of 1.26000

- key catalyst would be postive sentiment between trade dispute of China and USA

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