Indecision in the market is changing Towards a well defined bearish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a good idea to go short!
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What I realize is that the price at the moment is at, well, a 50:50% since its drop from the highest high. therefore still anticipating a further drop down to 1000pips. this conformation is due to the fact that the price bounced back after breaking the previous support level (which also seems to have significant issues in the past) and a very clear momentum that prevents the market from pushing even higher.
though a struggle to go beyond the previous lowest low might be experienced in due time, a break below this level will even strengthen a further drop. therefore, i support the drop of GBPUSD on the post with 70: 30% odds peace!!!