Gbpusd has formed bearish reversal pattern on h4 time frame. On the chart, we can see three inside down candle from the resistance level which indicates bearish reversal for short time on this pair. Below the 1.2545 resistance level, we can stay on sell mode.
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Sell trade setup
✪ Wait for retrace near to resistance level at 1.2545.
✪ If we find any bearish candle on h1, near to resistance, we can go for sell.
✪ SL will be above resistance level
✪ TP will be 30-60 pips.
✪ If resistance breaks, then we should go for buy.
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