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MarcellusLUX

Bearish price action in the resistance level, GBP/USD may fall

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdsell
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusdsetup gbpusdsell
Hello traders, in my previous GBP/USD idea, I recommended selling
GBPUSD in the 1.4210 resistance level( previous idea attached below).

Currently, the bearish price action is gaining momentum in the said resistance level.
We are getting multiple daily candles with wicks at the top which indicates that
sellers are slowly gaining control.

So, if this bearishness persists, look for sells in the resistance level between
1.4165-1.4220 with SL above 1.4257 and initial TP at 1.3950.

Related Ideas

MarcellusLUX
GBP/USD faces strong hurdle at resistance, possibility of a fall
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