Mohammed_Al-Yahya
Short

GBPUSD Bearish looking for a retracement 1.57 Target 1.5550

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             1.5616

In the hourly time frame, GBPUSD             is in a strong bearish bios, looking for a retracement to 1.5690 to 1.5720
Selling this low is aggressive, also buying this low is aggressive

Bears, wait for a retracement to 1.5690 - 1.5720, look for buyers to try to make higher high and fail then short
Target1/ 1.5614, Target2/ 1.5588, Target 3/ 1.5550, be careful, stop loss a well close above 1.5721
(Perfect Risk-to-Reward ratio)

Bulls, It is the time to buy it at 1.5610 with tight stop loss below 1.5550 (note that this is an aggressive counter trend trade)
Look for sellers to try and fail to make lower low at slower time frame
Target1/ 1.5650, Target2/ 1.5690
(not preferred Risk-to-Reward ratio)
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