peterbokma

GBPUSD-SELL strategy

Short
FX:GBPUSD   British Pound / U.S. Dollar
We have tried moving higher, but limited scope so far. The stoch RSI is almost negative, and we are nearing NEW MOON phase. I am mentioning this cycle as it repeats every 13-days, either bottom or top formation. Right now we are TOP forming, and the likely hood is we move lower and test 1.1750 area. We are protected above 1.2225 GANN resistance.

Strategy is SELL current @ 1.2040, and place stop-loss let's say 1.0% = 1.2160. Profit order @ 1.1768.

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