GBPUSD first time traded above 100 day SMA since august 2014!
Technical picture
That's simple idea to trade short as a rebound from 100 day SMA, overall trend is still bearish that undoubtedly adds odds for short position. Also stochastics (14 3 3) on H4 and D1 are in overbought zone both that confirms continuation of downtrend. I put in s/l that exceeds average day's volatility for the last 10 weeks. But s/l could've been far smaller as there is clearly seen resistance on H4.
Fundamentas
It's still dollar-bulish market environment, though British economy is doing not so bad, there is "election mode" coming which adds uncertainty about GBP.
That's simple idea to trade short as a rebound from 100 day SMA, overall trend is still bearish that undoubtedly adds odds for short position. Also stochastics (14 3 3) on H4 and D1 are in overbought zone both that confirms continuation of downtrend. I put in s/l that exceeds average day's volatility for the last 10 weeks. But s/l could've been far smaller as there is clearly seen resistance on H4.
Fundamentas
It's still dollar-bulish market environment, though British economy is doing not so bad, there is "election mode" coming which adds uncertainty about GBP.
면책사항
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.