GBPUSD strategy

The upleg on the 4h chart violated the channel resistance of the 1d downtrend. I’m looking for a sell signal expecting for a reversal near the 1.5500 big level. Confluence provided by previous swing points and the 50% fibo retracement level of the 1.6879-1.4229 downleg. Since it would be a trade against the 4h trend I will wait for a lower high or a lower low so that price action would confirm the reversal. Of course I would prefer a failed swing high (perhaps a double top) but if price breaks the 4h trend beforehand a pullback would be a valid signal as well.
Today’s break of the 1.5229 support suggest a test of the trend channel support. The 4h bearish pin this morning was a fairly good signal but provided a weak R/R as it formed too close to the channel support.


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