Sterlina / Dollaro
Short

GBPUSD - Potential Short (SELL) Entry Developing

575
GBPUSD has continued with it's bullish up-trend with the current risk-on market sentiment.

I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.

I've identified other factors including correlation which supports this short term retracement idea.

Shorting GBPUSD is a high risk endeavour at the moment and this is the only area with the highest amount of confluence for a "safer" short attempt at the moment.

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