GBP/USD - SELLS ON GU FROM 1.35380-1.35480

LOOKING AT SELLING GU TO THE GAPS BELOW AT 1.345/1.337

SELL LIMIT AREA; 1.35380-1.35480
TARGETS; 1.34500/1.33700

LOOKING AT GU RIGHT NOW WE CAN SEE WE HAVE BEEN IN A UPTREND FOR QUITE SOME TIME WE HAVE COME UP TO THE 1.36 AREA AND CREATED SOME SORT OF DOUBLE TOP AND ALSO IN THE SAME AREA WE COULD SEE THAT WE WAS AT THE TOP OF THE CHANNEL 1.36200

WE DO NOT HAVE ANY GAPS ABOVE ONLY BELOW THIS AGAIN GIVES ME MORE OF A BEARISH VIEW I CAN SEE ON DXY THERE ARE GAPS ABOVE AND BELOW I AM LOOKING TO WAIT FOR THE GAPS BELOW TO GET FILLED WHICH COULD PUSH GU UP TO THE SELL ZONE I THINK WE SHOULD SEE SOME SORT OF BEARISH MOVE FROM THE SELL ZONE

WE CAN ALSO SEE THAT THE 200MA HAS NOW CROSSED OVER WHICH ALSO SIGNALS POTENTIAL CHNAGE OF SHORT TERM TREND LETS WAIT AND SEE HOW IT PLAYS OUT


CONFLUENCES FOR SELLS

61% FIB
R1 (INTRADAY)
1HR CANDLE IMBALANCE (NEEDS TO GET FILLED)
GAPS BELOW DXY
NO MORE BULLISH GAPS ON GU TILL THE 1.377
200MA IS ABOVE PRICE SIGNALLING SELLS

IF WE DO BREAK ABOVE THE 1.35500 REGION DO NOT ENTER THE TRADE ( IF BROKEN TRADE IS INVALID LOOK FOR BEARISH PRICE ACTION )