GBPUSD SHORT 22022017. IM A BEAR ON THIS PAIR DUE TO TECHNICAL ANALYSIS

GBPUSD DAILY 220222017

Market is flat (ranging) and also our price is flat

Source: GBPUSD DAILY 22022017

GBPUSD H4 22022017

market is still flat and our price is bullish.price opened at WM2 1.238 and target is WM4 1.2563 .As a bear im looking to sell at my strong resistance that is pink area which is WR1 1.2513 since the market is ranging.if price breaks that area will look to sell at 1.25500.

Source: GBPUSD H4 22022017

GBPUSD H1 22022017

Market is bullish and our price is also bullish but now our stoch is overbought.price opened at DS1 which is our confluence of WM2 and target is Dr1 1.2500. i will enter at here at Dr1 but on lower time frames to look for reversal patterns or 5/8 cross.

Source: GBPUSD 22022017

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.