Weekly Trade Set up - GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
188 0 0
An impending Short set up is identified on the GBPUSD             , H4 chart.

1. First we identified a divergence between RSI and Price Action
2. Plotting Median Lines, we see price failed to reach the median line , indicating a change of trend/price exhaustion
3. PA cuts across the Hagopian line, giving an indication for SELL
4. Sliding Parallel line should be broken to confirm a sell.
5. A new ML was plotted which slides downwards.
6. We enter trade at the median line of the new ML, with stops just a few pips above the most recent swing high
7. Target price is the confluence of new ML Hagopian Line and the previous ML's swing Low
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out