GBPUSD Bearish

9 Eki 2021

• 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

10 Eki 2021

Not

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

10 Eki 2021

Not

COT report shows bullish bias for USD index

10 Eki 2021

Not

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