GBPUSD SHORT ZONE

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Here we have our GBPUSD chart..

We previously looked short as we continued our journey through the sideways channel. We saw a nice Fall, exiting our shorts and entering the market long. On the return to resistance we exited for gains.

As we return to this previous level we can begin to look short again. We can start to get lightly long as we approach the upper end of the channel and move towards previous highs and seller activity. This will give us our short bias because it is where sellers are moving into the market.

Use arrows and eclipse symbol for direction and exit.