GBPUSD Bias: Short

Hi there, looking at the GU market today, you could notice that the price has shown a deceleration in the bullish move, which shows that the market is preparing to head back down to the support level. A bearish pin bar has formed which indicates a lack of interest in the current market price from the bulls. Also, the price is between 61.8 and 50 percent of Fibonacci levels, rejecting these two levels by forming a pin bar that formed inside the bullish outside bar. As you know, If you see an inside bar at the key level area, then you should prepare for a reversal.

Order type: Market

Stop Loss: 1.27503

Take Profit:1.26089

If you win your trade, then you should buy me a coffee.