GBPUSD - Exhausted and Overbought?
SHORT - GBPUSD
SL: 1.32178 (Suggested by our algorithmic system)
TP: 1.29658 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price reached strong resistance level
2. Oversold, stochastic has crossed bearish
Trade idea from our mobile app: ibb.co/3fC4khD (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Horizontal Line: Suggested Stoploss by our algorithmic system
Green Horizontal Line: Suggested Stoploss by our algorithmic system
SL: 1.32178 (Suggested by our algorithmic system)
TP: 1.29658 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price reached strong resistance level
2. Oversold, stochastic has crossed bearish
Trade idea from our mobile app: ibb.co/3fC4khD (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Horizontal Line: Suggested Stoploss by our algorithmic system
Green Horizontal Line: Suggested Stoploss by our algorithmic system
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.