GBPUSD SHORT POSSIBILITY

14 ביולי 2020

4HR trendline broken and retested before flush to the downside. Large Daily engulfing candle from yesterday showing us shift in momentum from bullish to bearish. Waiting for a retest of the 4hr zone as support signalling a short opportunity with max target of 1.24000. Wait for clear retest and rejection before entry.

RR 1:3 with stop loss shown.
Second stop loss added for those who would like to allow more room.