Entered a short position on GBPUSD with a small risk of 16 pips and 55 pips of rewards 3.4 RATIO. 📉
Confirmation: 1. Broken Support in the 4HR TF. 2. Staying below both 9/21 EMAs showing sellers aggression. 3. Closing below all 4HR EMA Ribbon which has acted as support November 4th but just now broke it. 4. Numerous rejections at 1hr resistance @1.33800. Showing sellers are still attempting which is good.
Note: Risked around 0.5% Due to a small stop loss but good risk to reward. I am believing GU is counter trending until London session begins until the continuation to the downside.
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