InvestingScope

GBPUSD: Bearish reversal on 4H.

Short
FX_IDC:GBPUSD   British Pound / U.S. Dollar
The pair has posted the first Lower High sequence on 4H since its December bottom. This creates the conditions first for a Descending Triangle (already on bearish STOCHRSI = 34.979 and Highs/Lows = 0.0000). The first TP is the Triangle's support at 1.2820 (the Brexit volatility candle's don't count) and second TP the 1.2705 1D support at 1.2705. SL as tight as possible on the (a) LH due to currently being news sensitive.






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