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ForexWizard01

GBPUSD is preparing for another drop!!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ForexWizard01  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdanalysis gbpusdforecast gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdshort gbpusdsell
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trendanalysis chartpattern indicator gbpusd gbpusdanalysis gbpusdforecast gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdshort gbpusdsell
GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend.

A sell setup from the area of value shown on the chart is high probability :)

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