PriceActionTrading
Short

GBPUSD SELL UPON RETRACEMENT.

FX:GBPUSD   British Pound/U.S. Dollar
264 0 11
GBPUSD             REACHED NEW LOW.
SELL ON RETRACEMENT 1. 4800             PREFERABLY UPON CONFIRMATION OF REJECTION PATTERN.

NEAR D1 20SMA
NEAR H4 20SMA AND 50SMA
SELL AT RETEST OF THE D1 PIN BAR 1.4800

PRICE REACHING NEW LOW IS BEARISH BIAS FOR ME AND WE SHOULD ENTER AT RETRACEMENT TO JOIN THE BEARISH SENTIMENT.

CAREFUL TRADING THIS ONE,
REQUIRES FURTHER CONFIRMATION

H4 CHART
snapshot

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