GBPUSD Short Opportunity

Looking to short GBPUSD at the current price. We have seen a clear rejection of the 61.8 and resistance level. On the smaller TF (1h) we have seen multiple rejections of this area, so I would assume that we will see some downside as we move into the NY session.

Should this fail, I have marked up a supply zone 1.26220 where I would assume we will see some downside from this area also.

Let me know what you think in the comments below! Thank you.

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Good shout Sir! Dropping like a stone…

Great shout. Good 50 pip drop on the next candle

How far do you think it will fall? Looks like a nice head and shoulders forming

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Almost a double top in 1D chart so shorting is worth a try.

looks like a nice H^S pattern on daily, and the weakness that we had on 1hr confirmed that so far. i guess next week will tell the hole story