Cherry94
Short

GBPUSD first time traded above 100 day SMA since august 2014!

FX:GBPUSD   British Pound/U.S. Dollar
47 0 1
Technical picture
That's simple idea to trade short as a rebound from 100 day SMA , overall trend is still bearish that undoubtedly adds odds for short position. Also stochastics (14 3 3) on H4 and D1 are in overbought zone both that confirms continuation of downtrend. I put in s/l that exceeds average day's volatility for the last 10 weeks. But s/l could've been far smaller as there is clearly seen resistance on H4.
Fundamentas
It's still dollar-bulish market environment, though British economy is doing not so bad, there is "election mode" coming which adds uncertainty about GBP.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out