DislikedEvening all,
I have been keeping a close eye on the GBP/USD over today, alot of people are bullish about the near term however the candles in my opinion do NOT agree, here are the reasons for entering the trade:
1) 4H close below previous support at the 1.6290 zone.
2) 4H shooting star formation (almost a mini evening star) showing lack of momentum.
3) 1D has placed a lower high and double top, together with the 8EMA flatting off.
4) 1H showing a lower high and lower low, which indicates lack of buying momentum & rhythm.
Entry @...Ignored
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