Bearish on 4hr, bearish on 1hr, i'm expecting price to fall down to 1.31702 after sunday opening session price opened at 1.35561, which is also our 16.8 fib extension rejection gold zone.
SL: 1.35689
TP 1. 1.34350
TP 2. 1.33502
TP 3: 1.31702
Please do not risk more than your capital.
GBPUSD (SHORT)- If all the Resistance holds in place.
If we see the resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
THIS IS MY ANALYSIS ON A SHORT TRADE ON POUND DOLLAR. HITTING HIGHER TIME FRAME RESISTANCE. RSI WOULD SUGGEST PULLBACK SO WE JUST NEED A REACTION OFF OF THE RESISTANCE AND A MOVE TO THE DOWNSIDE FROM THERE.
