Gbpusd short trade setup

Trading Discussion Currencies
1

The 4 hour right side is down against 12/13/2019 peak (1.3522). 1 hour is turning down against 1.2645 high. Near-term, while bounces fail below 1.2645 high and more importantly below 1.3522 high expect pair to extend lower.DO NOT TRADE ON BUYING SIDE

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2

Thank you for your view, I’ve been looking at the pair today as well. I agree that at that level it might be a good short, especially if it is unable to break through that resistance again.

3

its an elliot abc so its got a way to go

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