🔸Hello traders, let's review the 2hour chart for GBPUSD today. Recently price was locked inside accumulation/distribution trading range since December 2023.
🔸Trading range is defined by range highs at 2750 and range lows at 2640, premium prices overhead at 2775/2795 and below at 2625/2605.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near premium prices towards overhead resistance stop loss fixed 40 pips TP1 + 75 pips TP2 +150 pips final TP exit at 2605. swing trade setup, patience required. good luck traders!
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