GBPUSD Trade SetUp On the 4H chart

Sunday, December 1, 20130 comments


We are approaching significant resistance, there is fibs confluence including a 38.2% retracement from the big drop of 2008, we also have RSI bearish divergence and an ABCD pattern completion on both daily and 4h charts. Feel free to sell at market open on Monday or wait for further confirmation if you are more conservative. You may use a 1st target at the green line (1.6082).
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