UsmanFarouk

GBPUSD is likely to continue downtrend

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OANDA:GBPUSD   英镑/美元
GBPUSD is presently in downtrend as it is printing LHs and LLs. NO divergence is visible on RSI on 1H timeframe. Moreover, it has formed a bearish flag (continuition pattern) on same time frame. The downtrend is likely to continue, therefore a short entry through Sell Stop has been set upon downward break of flag-pole on chart with suitable SL and TP.
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