GBPUSD Intraday Short

Price broke through the 1.26000 area which has served as a key resistance level since April 2020, for price to continue its uptrend, the retest of that zone has to hold.

on H1, price is setting up for a pullback with a nice M pattern. Although i have gone short, the break and retest of the M neckline will confirm the sell bias.


Keep your risk managed.