GBPUSD another short opportunity
GBPUSD is providing us with another short opportunity on the 4h chart.
The GBP pairs together with most of the EUR pairs are getting weaker due to the uncertain situation of the new cold war with Russia and the market seems to lose momentum after the attempt to break above the weekly resistance that ends with a false breakout.
How can we approach this scenario?
The price is now testing a confluence zone between minor support and an ascending trendline and we will wait for the weekly market open to check for a possible break below.
In that case, I will check for an opportunity to set a short order according to Plancton's academy rules.
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