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GBP/USD Turns Bearish

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FX:GBPUSD   Paun British / Dolar A.S.
1. GBP/USD broke its upward trend-line 2 days ago.
2. The line was tested to be a resistance.
3. Price movement currently goes down along with its trading channel and the 21-hour EMA.
4. Meanwhile, 1.3620 has been a key level as it is a Fibonacci retracement level (23.6%), former tops and bottoms in hourly chart.

It is a short-term trading (possibly a day trade)

Trades:
SELL at spot (1.3595 at the moment)
Upside Stop: Close above 1.3620 on 1-hour chart
Downside Target: 1.3570
Downside Target (Agressively): 1.3530
Dagangan ditutup: hentian tercapai:
The strategy failed and stop loss was hit.
The daily trade was stopped when GBP/USD broke 1.3620.
Opened @ 1.3595 > Closed @ 1.3631 (36 pips loss)

Post-trading personal bias:
Still bearish in personal view.

What I am watching:
1. First resistance: 4-hour chart 21 EMA (around 1.3631)
2. Key resistance: Former upward trend-line (around 1.3710)
3. Daily ROC declined and turned south
4. Daily MACD is getting to cross
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.