GBPUSD has broken the downtrend but still hasn't formed an uptrend. the bearish engulfing bar is a good sign of a retracement back to form an uptrend around the 1.3045 I am looking for a pullback to the .382fib from the previous days bar for an entry at 1.3180 tp at 1.3080 100pips SL 20-30pips. points for strategy. bearish engulfing bar macd cross over RSI high failed resistance level
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Todays opening price has invalidated this set up ATM