GBPUSD on the top of the Bearish Megaphone. Low risk sell entry.

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GBPUSD is trading inside a Bearish Megaphone structure.

The price got rejected 2 days ago on its top.

A crossing under the Rising Support will be a selling validation much like December 18th.

This break out hit Support A before rebounding.

Stay bearish as long as the Megaphone holds and target 1.2100 (Support A).

Previous chart:

GPBUSD Bearish Megaphone starting new wave.


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