A potential shorting opportunity on GBPUSD
1. Bearish structure (lower highs and lower lows)
2. Price is trading below the moving average
3. Strong break of support and a retest as resistance
4. 50% fib retracement
5. 4h rejection and bearish close
6. 1h bearish engulfing
2. Price is trading below the moving average
3. Strong break of support and a retest as resistance
4. 50% fib retracement
5. 4h rejection and bearish close
6. 1h bearish engulfing
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