Given that GBPUSD is still trending bearish, we have two scenarios to take a short.
1- The market breaks the current support, validates the breakout sell of the support, retests and rejects the support turn resistance.
2- Market ranges and pushes up to the resistance level. Makes a rejection and plummets.
Till this setup plays out, we will continue to look at this setup.
1- The market breaks the current support, validates the breakout sell of the support, retests and rejects the support turn resistance.
2- Market ranges and pushes up to the resistance level. Makes a rejection and plummets.
Till this setup plays out, we will continue to look at this setup.
