GBPUSDTimeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Price action near resistance trendline
- Fundamentally, Brexit will be volatile. Will a weak vote push up the pound because it delays and may cause a second referendum? Or this will make UK's economy grow even weaker due to the constant delay of business growth from Brexit uncertainty.
Suggested Trade:
Entry @ Area of Interest 1.2800 - 1.2900
SL: 1.2959
TP: 1.2602
RR: Approx. 2.46 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade closed: stop reached
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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 personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.