- following the 4h trend we could see strong resistance at 76.7 when bulls will start to diminish on the RSI and bears take over
- 76.7 has seen to a crucial pivot point historically and recently making it a huge potential sell
- after a long and steady bull trend, we can see on the weekly chart coming into trend, where we have seen a sideways trend as the price is neither favouriting the bulls or bears But once 76.7 has been contacted the 4th time we expect to see a huge bearish trend or another short retracement following with another sideways motion
All indications must be met before entering trade
- 76.7 has seen to a crucial pivot point historically and recently making it a huge potential sell
- after a long and steady bull trend, we can see on the weekly chart coming into trend, where we have seen a sideways trend as the price is neither favouriting the bulls or bears But once 76.7 has been contacted the 4th time we expect to see a huge bearish trend or another short retracement following with another sideways motion
All indications must be met before entering trade
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GBPUSD SELL
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