Bearish On GBPUSD
I am bearish because the overall daily trend is a downtrend. Meaning this is a pullback and the overall trend is catching up to the global trend... We have failed to break through this key support level 3 times and we are going for a retest. I am looking for a sell position around 1.26250. I have listed out my first and final TP zones. Let me know what you think ! As always trade safe and manage your risk as I have. I put my SL right above the last swing high to give my trade a little breathing room!
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