Hello traders.
I am waiting for an opportunity to short the GBP/USD at the resistance zones refer to 4 hour chart. .
Entry to Short at resistance are of Weekly R1, Psych level 1.3300. 4 Hour Stoch lined up and the 15 min 5-8 about to cross. If the Weekly R1, Psych level 1.3300 holds look for a possible entry around resistance zone of 1.3400
Conservative target the Weekly Pivot @ 1.3026; alternative aggressive target of Weekly M2 @ 1.2870/ Yearly S3 @ 1.2862. Let me know your thoughts….
GBPUSD 4 Hour
GBPUSD 15 min
4 thoughts on “Tues 12, July 2016 GBPUSD SHORT”
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I noticed that even price is in oversold or overbought area there is always an extra push before price reverse so good idea to entry at lvl 1.34. Like this one will wait and try 🙂
thanx , Maciej
Great trade plan Roger! I have your same opinion and am waiting for it to end the correction before 1.33 and go back until at least WPP.
thanx, Miles