Why I think GBPUSD Will Sell...Technical Analysis
Updated
Hey Rich Friends,
Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at:
- The candles have already rejected the previous supply zone
- It looks like a bearish harami candle pattern is forming
- The stochastic looks like it is about to cross down below 80
Signals to wait for:
- Wait for the purple EMA to cross back above the blue EMA
- Wait for orange and blue lines of the stochastic to cross below 80
I would recommend a sell limit in the resistance/supply zone or a sell stop anywhere below the current market.
Great luck in your trades this week and let me know your thoughts on this idea.
Peace and Profits,
Cha
Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at:
- The candles have already rejected the previous supply zone
- It looks like a bearish harami candle pattern is forming
- The stochastic looks like it is about to cross down below 80
Signals to wait for:
- Wait for the purple EMA to cross back above the blue EMA
- Wait for orange and blue lines of the stochastic to cross below 80
I would recommend a sell limit in the resistance/supply zone or a sell stop anywhere below the current market.
Great luck in your trades this week and let me know your thoughts on this idea.
Peace and Profits,
Cha
Trade active
Trade closed: stop reached
My SL was hit at 25 pips, let me know how this trade is going for you if you entered. Peace and Profits,
Cha
Note
You can register for my course here:themoneymantra.talentlms.com/plus/external-catalog
Note
better late than never. Peace and Profits,
Cha
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