GBPUSD reach resistant area + psychological level about 1.3 + monthly pivot MM3 and rejected , BEAR looking for lower low then pullback to sell.

GBPUSD Day ( 9 May , 2017 )

GBPUSD was rejected near monthly pivot MM3

GBPUSD H4 ( 9 May ,2017 )

GBPUSD open at weekly pivot WM3 since then it formed a lower high . Bear will sell at lower high

GBPUSD 15M ( 9 May , 2017 )

Entry time frame 15M Bear will sell at lower low then pullback about 1.295 SL 1.305 TP 1.26

4 thoughts on “GBPUSD Trade Plan ( 9 May , 2017 )”

  1. Hendrika says:

    Thank you Daniel

    1. Daniel Chan - Forex.Today says:

      You are welcome 🙂

  2. Katleho Gnaw Lephallo says:

    I see the Stochastics is oversold on the H4 chart. How do you manage to continue to trust reversals in circumstances like that?

  3. Daniel Chan - Forex.Today says:

    Thanks Katleho . The stochastic can stay oversold for long time at the bottom , as long as more Bear in the market price will continue down . I do not know what is going to happen , let the trade run .

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