Trade Bias - Cable Short
This morning we're looking at GBP/USD and with no major fundamentals to start off the European session this morning, we're looking to follow the trend leading to the U.S session later on this afternoon.
We can see a double top formation already formed on our daily chart, with With momentum increasing whilst the trend decreasing on our chart. The major indicator this morning is the downward trend formed by our stochastic index, we'll be looking for a short position this morning.
Bias - Sell
Instrument - GBP/USD
Level - 1.268
T/P - 1.260
SL - 1.276
NB: This is not advice just, but just a look at potential swing/intraday trading ideas.
We can see a double top formation already formed on our daily chart, with With momentum increasing whilst the trend decreasing on our chart. The major indicator this morning is the downward trend formed by our stochastic index, we'll be looking for a short position this morning.
Bias - Sell
Instrument - GBP/USD
Level - 1.268
T/P - 1.260
SL - 1.276
NB: This is not advice just, but just a look at potential swing/intraday trading ideas.
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