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MEX_Exchange

GBPUSD testing major resistance, time to start selling

Singkat
Paun British / Dolar A.S. (FX:GBPUSD)  
MEX_Exchange  
FX:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP gbpusdshort gbpusdlong USD gbpusdsignal gbpusdtrade forexsignals Forex
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trendanalysis harmonicpatterns chartpattern gbpusd gbp gbpusdshort gbpusdlong usd gbpusdsignal gbpusdtrade forexsignals forex
Sell below 1.3340. Stop loss at 1.3467. Take profit at 1.3050.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) also sees major resistance at 96% and there’s bearish divergence signalling that a reversal is impending.
Penafian

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