GBPUSD Short

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The recent political risks surrounding Brexit, such as the suggested rerun of Brexit election and other instability in the UK government, and the continued downtrend of GBPUSD since April this year and USD strength in general, give me an overall bias for this pair despite its recent rally.

Setting up sell stop order few pips below 1.30, with TP @1.265 - 1.27 and SL @1.29 recent high.

ft.com/content/078dfe3e-e41e-11e8-8e70-5e22a430c1ad
fxstreet.com/news/gbp-usd-drops-below-12950-as-politicians-voice-their-opposition-against-draft-brexit-deal-201811131909
fxstreet.com/news/uk-pm-may-expected-to-present-draft-brexit-deal-on-wednesday-201811131617

Daily:
syot kilat

Weekly:
syot kilat

Confidence: C (because of geopolitical risks involved, with PM May submitting a draft Brexit deal today)
Dagangan ditutup: hentian tercapai
theguardian.com/politics/live/2018/nov/14/brexit-deal-theresa-may-conservatives-meet-decide-cabinet-politics-live

Should have waited for the result of that cabinet meeting by PM May.
Bearish PatternsBeyond Technical AnalysisChart PatternsGBPgbpbearsGBPUSDgbpusdshortpoundSELLshortTrend AnalysisUSD

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