A nice bearish rejection candle has formed on the GBPUSD 4 hour time frame.
This setup is aligned with the dominant weakness of this market, which is very visible on the daily chart. We’ve be watching for sell signals to form after pullbacks to provide bearish trade opportunities to ‘sell high’ within the down trend.
We can see the bearish rejection did form after the market retraced, and created a new swing high. The thick bearish body looks nice, especially when viewed against that recent intra-day bull run we had.
The Battle Station indicator picked up the signal nicely, sending out alerts to war room members’ apple or android devices.
Looking forward to seeing how this one turns out.Get the 5 most predictable currency pairs