GBPUSD - Short - TradingStrategy
Bearish Indications
1. Lower Highs and Lower lows
2. Inverted Cup and Handle Pattern - Breakout
3. Tested the trendline - not broken
4. No Divergence
Bullish Indications
1. Support at 1.3194
2. Bullish AB=CD will complete at 1.3132
3. Falling Wedge at around 1.3000
Plan A : Sell
Sell at 1.3277
SL: 1.3350
TP1: 1.3200
TP2: 1.3133
TP3: 1.2920
Plan B: Buy
Buy above 1.3353
SL: 1.3264
TP1: 1.3425
TP2: 1.3500
Biased : Short
1. Lower Highs and Lower lows
2. Inverted Cup and Handle Pattern - Breakout
3. Tested the trendline - not broken
4. No Divergence
Bullish Indications
1. Support at 1.3194
2. Bullish AB=CD will complete at 1.3132
3. Falling Wedge at around 1.3000
Plan A : Sell
Sell at 1.3277
SL: 1.3350
TP1: 1.3200
TP2: 1.3133
TP3: 1.2920
Plan B: Buy
Buy above 1.3353
SL: 1.3264
TP1: 1.3425
TP2: 1.3500
Biased : Short
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.