GBPUSD 4H Outlook | Bearish
GBPUSD is continuously making LH, LL.
Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started.
It has formed a bearish channel that is still valid.
A key support area is found around 1.26105.
Trade plan:
Place a sell stop order when LL breaks
Stop Loss: 1.29984
Sell Stop : 1.29035
TP1: 1.2809
TP2: 1.2714
Start with a minimal position and add after channel confirmation.
Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started.
It has formed a bearish channel that is still valid.
A key support area is found around 1.26105.
Trade plan:
Place a sell stop order when LL breaks
Stop Loss: 1.29984
Sell Stop : 1.29035
TP1: 1.2809
TP2: 1.2714
Start with a minimal position and add after channel confirmation.
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