Saturday 21 October 2017

GBPUSD pair is in nice sell set up

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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