Intraday Idea - We look to GBPUSD Sell at 1.2955
Technical View
Stop: 1.2975
Target: 1.2875
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Technical View
- Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
- Price action looks to be forming a top
- A lower correction is expected
- Preferred trade is to sell into rallies
- Bespoke resistance is located at 1.2955
Stop: 1.2975
Target: 1.2875
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.