GBPUSD Triple parameter sell signal.
GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up.
By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence.
At the same time, this is the top of an emerging Channel Down.
Trading Plan:
1. Sell on the current market price as we have a Triple Sell Condition.
Targets:
1. 1.2075 (Support Zone (1) and 0.382 Fibonacci level).
Tips:
1. The RSI (1d) has started a Bearish Divergence since November 28th. An additional strong sell signal.
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By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence.
At the same time, this is the top of an emerging Channel Down.
Trading Plan:
1. Sell on the current market price as we have a Triple Sell Condition.
Targets:
1. 1.2075 (Support Zone (1) and 0.382 Fibonacci level).
Tips:
1. The RSI (1d) has started a Bearish Divergence since November 28th. An additional strong sell signal.
Please like, follow and comment!!
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