Good weekend everyone,
GBPUSD is getting near the top of the big channel on the weekly timeframe and now its starting to show bearish divergence on weekly and daily chart.
H4 chart show that price is struggling now with indecision where to go.
Therefore we have a short opportunity if price break and close under the H1 50ema .
S.L above current high near 1.34 and potencial target around 1.30500
BE CAREFUL trading pound these days because of the brexit rumors .
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
GBPUSD is getting near the top of the big channel on the weekly timeframe and now its starting to show bearish divergence on weekly and daily chart.
H4 chart show that price is struggling now with indecision where to go.
Therefore we have a short opportunity if price break and close under the H1 50ema .
S.L above current high near 1.34 and potencial target around 1.30500
BE CAREFUL trading pound these days because of the brexit rumors .
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Komentarz:
Price is still struggling, downside is still viable but we must wait for a good price action formation.
Komentarz:
Fed news are not good for USD , anyway the target is still viable.
Komentarz:
Good rally for anyone who took it, its already over 1100 pips at least since the first breakout
Its natural to reduce position and move S.L to at least b.e right now .
further downtrend is still possible but i dont like the shape of the last weekly candle
Its natural to reduce position and move S.L to at least b.e right now .
further downtrend is still possible but i dont like the shape of the last weekly candle
Komentarz:
For this pair i'll just stay out for now, if any new trade opportunity show itself i'll create a new idea, thx!
