GBP/USD still at resistance level, possible sell set-up
Hello traders, in my previous GBP/USD ideas, I recommended selling
GBPUSD in the 1.4210 resistance level ( previous idea attached below).
Currently, the price action is neutral in the said resistance level .
That being said, we are getting multiple bearish daily candles with wicks at the top
which indicates that sellers are still in the picture.
So, if this bearishness persists, look for sells in the resistance level between
1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950.
Keep in the mind that the more a price consolidates in a support or resistance level,
the probability of that support or resistance breaking increases.
GBPUSD in the 1.4210 resistance level ( previous idea attached below).
Currently, the price action is neutral in the said resistance level .
That being said, we are getting multiple bearish daily candles with wicks at the top
which indicates that sellers are still in the picture.
So, if this bearishness persists, look for sells in the resistance level between
1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950.
Keep in the mind that the more a price consolidates in a support or resistance level,
the probability of that support or resistance breaking increases.
