#GBPUSD Price trading in supply area and it also reacts the 4HR resistance so it is possible to a drop And the price also expect touching the 50EMA or next level support and watch any evening star candlestick formed in the resistance area once the price come with retracement level and watch any bullish candlestick formation
Why we like it:
Price is moving to the Resistance 4HR area
Evening star candlestick formation
waiting for 50EMA retracement
1st support:
1.39086
Next Zone area & horizontal swing Low support
1st Resistance
1.40122
Zone area & horizontal swing high resistance
Why we like it:
Price is moving to the Resistance 4HR area
Evening star candlestick formation
waiting for 50EMA retracement
1st support:
1.39086
Next Zone area & horizontal swing Low support
1st Resistance
1.40122
Zone area & horizontal swing high resistance