HELLO TRADERS, HERE IS A POSSIBLE SHORT SETUP GBPUSD. THE TREND IS STILL BEARISH AS PRICE CONTINUES TO PRINT LOWER HIGHS AND LOWER LOWS.

GBPUSD H4

MARKET IS BEARISH, 55 ABOVE THE 21. PRICE CURRENTLY AT WPP RESISTANCE AND 21 EMA ALSO ACTING AS DYNAMIC RESISTANCE. NEXT LEVEL OF RESISTANCE IS WM3. GOING SHORT AT WPP WOULD GIVE YOU A TARGET OF WS2 OR WM1, WITH YOUR SL JUST ABOVE WM3.

GBPUSD H4 POST TRADE PLAN

THE PLAN WAS TO SHORT THIS PAIR AT WPP OR WM3. THE PLAN DID'T WORK OUT AS DOLLAR GOT WEAK AND BULLS TOOK CONTROL.

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