GBPUSD - REASONING
GBPUSD 1H - I shorted this pair as it was forming a triangle formation and price was struggling to push up "A" and was also getting compressed. Then we can see price break out downwards and shoot down to the support and come straight back up trying to retest the broken support which is now acting as a resistance. You can see here all the 1h candles closing under the resistance [even tho it was wicking above the candle always closed under] here wouldve been a good place to enter if you havn't or add more positions. From here we can see price drop straight through the support and come back to retest and have further downside movement. From here on i can see price easily see 1.200 and even 1.1900. On top of this due to the news surrounding these pairs it should also push this pair down due to the weakening of GBP pairs.
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