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MEX_Exchange

GBPUSD profit target reached perfectly, prepare to sell from her

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MEX_Exchange  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis Forex forextrading
3
0
trendanalysis harmonicpatterns chartpattern gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis forex forextrading
Sell below 1.3006. Stop loss at 1.3053. Take profit at 1.2929.
Reason for the trading strategy (technically):
Price has bounce up and reached our profit target. We prepare to sell below 1.3006 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards at least 1.2929 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (34,5,3) is fast approaching our 95% resistance where we expect a reaction from.
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