GBP/USD - Short - AB=CD Harmonic pattern
Updated
Short at 1.3581
Stop above point D
Take Profits at 38.2 & 61.8 AD retracement.
MACD Divergence supports this trade
Watch out for the Daily support and the wedge formation.
Happy Trading!
Comment your view on this trade:)
Stop above point D
Take Profits at 38.2 & 61.8 AD retracement.
MACD Divergence supports this trade
Watch out for the Daily support and the wedge formation.
Happy Trading!
Comment your view on this trade:)
Trade active
Trade active
We are on the way!After almost being stopped out, price created a double top, broke the upwards supporting trendline and hit our first profit target at 1X Risk.
Now we move our Stop loss to the trade entry point for a sure profit.
According to the technical indicators price is breaking through the 1H 55 SMA. If this sticks, it confirms the short term trend is down.
Moreover, the MACD is about to turn negative, also supporting that the short term trend is bearish.
Please remember that the long term trend is very bullish and strong so keep them stops moving up.
Next suggested TP at 1.3473
Trade active
Gap down opening is with our trade!Always a pleasure to open up the week like this:)
You can close your 2nd TP and/or move the stop loss to around 1.3517 (above the gap)
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