Shorting GU on H4, RR = 1.57:1, RR = 2.02: 1

FX:GBPUSD   英镑/美元
50 0
Reasons to enter:
1. It bounces back from the upper level confluence zone (blue rectangle ) and aiming for the next confluence zone (blue rectangle below).
2. It follows the two trendlines , which is a downtrend (green lines), as lower high and lower lows are forming.
3. There's a reversal signal ( candlestick ) as the last two candlesticks showed us a weak buying power, as it's about to go down.
4. EMA 21 is going back to it's original position and heading more towards bearish .

Will be entering two trades and one for short term, one for medium term. The medium term would be aiming for the next confluence zone.
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