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MEX_Exchange

GBPUSD profit target hit perfectly, now prepare to sell

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 USD gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade Forex forextrading
95
6
trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade forex forextrading
Sell below 1.3548. Stop loss at 1.3630. Take profit at 1.3316.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target. We now look to sell below major resistance at 1.3548 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a push down to at least 1.3316 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,3,1) is seeing major resistance at 98% and we expect a corresponding drop from here.

Penafian

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