GBPUSD 07.08.2022
Short set-up at 1.21000
Confluences:
- Bearish market structure with LLs and LHs being printed
- Last week's break of strong support level of 1.21000 with closure below support indicating continuation of selling momentum
- previous 4H candle closure indicates = rejection of 1.21000 key level for further downside mvnt, a retest of the support-turned-resistance level and selling pressure
Confluences:
- Bearish market structure with LLs and LHs being printed
- Last week's break of strong support level of 1.21000 with closure below support indicating continuation of selling momentum
- previous 4H candle closure indicates = rejection of 1.21000 key level for further downside mvnt, a retest of the support-turned-resistance level and selling pressure
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