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Apr 10, 2022 10:13 PM

GBP/USD - 4hr Short

British Pound/U.S. DollarFXCM

Description

Hello guys. Here we have the GBP / USD chart. This is a 4 hour time frame and as you can see we have bear dominance. The daily bearish trend has not yet been confirmed, but the pair made a new low for the year at 1.2983. I expect that this lowest point will be attacked again in the coming days and we can expect the bear to continue. Weekly and monthly trends are also bearish. Of course, follow the rules of your strategy and find the most suitable entry point. Of course, we could see strength before bear domination and that could actually serve as a great opportunity for a short position.
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