GBPUSD falling out of trend - 1h shaping up for the SELL? 📉

11 Eyl 2020

Cable has recently fallen out of trend with a strong bearish candle. On the 1 hour timeframe price is forming a continuation pattern and I am looking to get involved on the hover [if the opportunity arises]. On the contrary, I have been bullish on the US Dollar for almost a month now and we can finally see the DXY pushing higher, rejecting a key monthly structure. There are many confluences for a move lower on the Great British Pound and it isn't a move you want to miss!