MY BEARISH BIAS IS SUPPORTED BY THE LIKELIHOOD OF A MARCH FED HIKE. THE ECONOMIC EVENTS COMING OUT OF THE US COULD ALSO AFFECT THE PERFORMANCE OF THIS PAIR.

GBPUSD DAILY

MARKET IS FLAT. PRICE MOVING SIDEWAYS & HAS FOUND SUPPORT AT MM1 PROFIT ZONE. STOCHASTICS IS OVERSOLD.

GBPUSD H4

MARKET IS BEARISH,55 ABOVE THE 21. PRICE HAS BEEN MAKING LOWER HIGHS & LOWER LOWS, AND IS CURRENTLY AT SUPPORT. RESISTANCE IDENTIFIED BY THE PINK BARS. AS A BEAR I AM LOOKING FOR A PULLBACK. HOWEVER PRICE IS IN AN AREA WHERE BULLS WOULD BUY, SO I WILL LOOK FOR CONFIRMATION ON THE LOWER TIME FRAME CHARTS.

GBPUSD H1

MARKET IS BEARISH. PRICE CURRENTLY CURRENTLY ABOVE DPP AT THE 50.0% FIB. I HAVE IDENTIFIED AS AN IDEAL AREA TO SHORT, HOWEVER I CANNOT IGNORE THE 21 EMA AS IT HAS BEEN PLAYING DYNAMIC RESISTANCE. I WILL KEEP AN EYE ON MY LOWER TIME FRAME CHARTS.

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