GBP/USD Trade SETUP

٩ يوليو ٢٠٢٠

GBP/USD has made a series of higher highs and higher lows to confirm the uptrend. We have been met with a strong bearish engulfing candlestick to possibly hint at a trend reversal as shown. Thus, I am speculating price to drop to the downside.
Should price drop below the current support level placed at 1.26091 this may produce a good trade setup.
R/R - 1:4