GBPUSD pin bar short opportunity

Price appears to be ranging on this daily and monthly time frames. Price has recently reached an area known to previously contain strong selling momentum. A bearish pin bar has formed in this area indicating sellers have regained control of price over the last 24 hours. if the commitment of sellers is strong enough that should be sufficient to push price down to the next area of support. An entry order could be placed at the 50% retracement of the pin bar and profit target at the next are of support. Reward is over 2:1

Trade geschlossen: Stop wurde erreicht