Hi Traders! We have GBPUSD sell opportunity after pullbacks. A detailed analysis of this bearish setup is as follows:
GBPUSD H4 Chart:
On the H4 chart the price which is moving lower has created lower lows which we may consider as an evidence of bearish pressure. We also have a critical zone that has formed which is slightly higher from the current zone. Hence we may now expect one more push higher from the current zone towards this critical zone. Once the pullback completes itself, we may then start looking for sells with more bearish evidences.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
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