HELLO TRADERS, THIS IS A POSSIBLE SHORT SETUP ON THIS PAIR.

GBPUSD H1

MARKET IS BEARISH, 21 BELOW THE 55. PRICE IS BEARISH AFTER BREAKING THROUGH WPP TO THE DOWNSIDE. STOCHASTICS IS OVERBOUGHT. RESISTANCE IDENTIFIED AT WPP, HOWEVER 21 EMA COULD PLAY DYNAMIC RESISTANCE FOR BEARS. WM3 RESISTANCE GIVES BEARS A TARGET OF WM1 ACCORDING TO PIVOT POINT THEORY.

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