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Sunday, September 19, 2021

GBPUSD - TARGET 1 ACHIEVED @1.373

GBPUSD - TARGET 1 ACHIEVED @1.373

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KEY REASONS FOR MORE SELL-OFF GBPUSD:
SORT OF DOUBLE TOP / EQUAL HIGHS ORDER BLOCK ESTABLISHED @1.39
STRONG RESISTANCE AND SUPPLY ZONE VISIBLE @1.39
PAIR BACK IN THE DESCENDING CHANNEL IT BROKE OUT OF RECENTLY
REVERSAL PATTERN - HEAD AND SHOULDERS - SPOTTED ON H4 WELL ESTABLISHED
POSSIBLE M - FORMATION SPOTTED WITH NECKLINE (TARGET 1) ATTAINED
USD APPEARS GAINING STRENGTH ACROSS BOARD, MAKING ***USD SELL OFF IN THE MEANTIME


NB: A break of support at @1.370/.373 is the best shot for a good sell entry to the next target @1.36.
Always remember that nothing is fixed in this FX market. So, obey your rules, your plans and management.
And bear the disclaimer below in mind. Thank you. Leave your comment below, please.

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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