GBP/USD 4H SHORT Short

British Pound / U.S. DollarFOREX.com

Description

⋅ Mar 19, 2020 9:10 PM

GBP/USD May fall 100+ pips
Insight - Price hit resistance at 1.1808 and reversed back to support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.

Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133

Alternative scenario:

Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434