GBPUSD at a strong pivot point historically. Looking at a sell opportunity once we have confirmations.
Indicators:
1. Downwards weekly trendline
2. Weekly RSI in strong sell zone
3. Weekly candlestick has closed under Down trendline
Entry:
1. Aggressive trade @ current price of 1.3073 with short stop loss.
2. Wait for large bear candle on daily to sell down. (current POV)
TP 1: Shorterm: Next support @ 1.2829 area
TP 2: Long term: Large support @ 1.2116 area
Good luck trading!
Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made simple
Indicators:
1. Downwards weekly trendline
2. Weekly RSI in strong sell zone
3. Weekly candlestick has closed under Down trendline
Entry:
1. Aggressive trade @ current price of 1.3073 with short stop loss.
2. Wait for large bear candle on daily to sell down. (current POV)
TP 1: Shorterm: Next support @ 1.2829 area
TP 2: Long term: Large support @ 1.2116 area
Good luck trading!
Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made simple
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.