GBPUSD pair in H4 time-frame. This week price was in downtrend. Price is approaching a bearish trend line. At the same time the 30 sma is around the same region.
Price is also around important fib levels starting from 38.2%. This means, price is at around a confluences of indicators and price action.
Waiting for an entry signal by price action at around this level. See you soon.
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