Why I think GBPUSD Will Sell...Technical Analysis
Hey Rich Friends,
Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at:
- The candles have already rejected the previous supply zone
- It looks like a bearish harami candle pattern is forming
- The stochastic looks like it is about to cross down below 80
Signals to wait for:
- Wait for the purple EMA to cross back above the blue EMA
- Wait for orange and blue lines of the stochastic to cross below 80
I would recommend a sell limit in the resistance/supply zone or a sell stop anywhere below the current market.
Great luck in your trades this week and let me know your thoughts on this idea.
Peace and Profits,
Cha
Happy 2nd Quarter! I wanted to share my technical analysis of GBPUSD on the H4 timeframe. Make sure that you check the indicators on your chart and check the news. Here is what I am looking at:
- The candles have already rejected the previous supply zone
- It looks like a bearish harami candle pattern is forming
- The stochastic looks like it is about to cross down below 80
Signals to wait for:
- Wait for the purple EMA to cross back above the blue EMA
- Wait for orange and blue lines of the stochastic to cross below 80
I would recommend a sell limit in the resistance/supply zone or a sell stop anywhere below the current market.
Great luck in your trades this week and let me know your thoughts on this idea.
Peace and Profits,
Cha
액티브 트레이드
거래청산: 스탑 닿음:
My SL was hit at 25 pips, let me know how this trade is going for you if you entered.
Peace and Profits,
Cha
Peace and Profits,
Cha
코멘트:
better late than never.
Peace and Profits,
Cha
Peace and Profits,
Cha
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