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egobusted

GBPUSD, August/8-11, Daily. Expecting a deep dive

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
egobusted Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Oscillators
6
2
supportandresistance oscillator
GPBUSD is in a big, perfect downtrend. 1.3200 becomes an important resistance and price is very weak, just hovering above the major support at 1.2950 level.

With the confirmation of the MACD bearish cross on daily chart, I am expecting a fast downward momentum in August until we reach 1.2630 level.

  • Pair GBPUSD
  • Action Sell Stop
  • Expiry GMT+8: 10/Aug/2018 23:59 UTC: 10/Aug/2018 15:59
  • Open Price 1.2970
  • Stop Loss 1.3110 Trailing stop to breakeven
  • Take Profit 1.2632 Risk-reward ratio: 2.414
Trade active
Comment:
Moving SL to 1.2982
Open price 1.2970
Take Profit 1.2632 Risk Reward ratio: 28.167
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