MEX_Exchange
Short

GBPUSD Is Approaching resistance, Sell On Strength!

OANDA:GBPUSD   British Pound / U.S. Dollar
Sell below 1.4279. Stop Loss at 1.4345. Take Profit at 1.4092
Reason for the trading strategy:
Price is approaching our first major resistance at 1.4279 (horizontal swing high resistance 61.8% Fibonacci extension ). A strong reaction might occur below this level, pushing price down to our major support at 1.4092 (horizontal overlap support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ).

Stochastic (89,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential drop in price.
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Will it take another week to reach TP?
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