GBPUSD Bearish

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• Monthly Top in place at 1.42 historical Resistance with a bearish reversal candles pattern
• Sep Bearish candle with higher volume

• Weekly uptrend lost momentum and correcting
• Weekly support zone at 1.3350 to 1.35 "Green zone"

• Daily bearish double top pattern
• Daily bearish wave formation with target at 1.33 100% fib extension "Blue zone"

• 4H Resistance at 1.3660 (50% fib ret) then 1.3720 (61.8%) "Red Zone"

Bias to downside
Plan to sell high

١٠ أكتوبر ٢٠٢١

ملاحظة

COT report of last week shows bearish bias, as non-commercial traders are more short than long and last week they added more short positions

١٠ أكتوبر ٢٠٢١

ملاحظة

COT report shows bullish bias for USD index

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ملاحظة

I may not post new trades as i am already in short positions since last week