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halian2k

GBPUSD Bearish Momentum (Dow, Divergence & Resistance Broke)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
halian2k  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis GBPUSD gbpusdsell gbpusdshort gbpusdsellstop
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trendanalysis chartpattern fundamental gbpusd gbpusdsell gbpusdshort gbpusdsellstop
GBPUSD shows a bearish momentum on daily TF based on:
  • Dow Consecutive two LHs and LLs
  • Daily Divergence
  • Printed high volume bearish candle yesterday that broke previous resistance and confirms price action in bearish momentum
** Trade Plan**
  • Placed Sell Stop instead CMP as possible chance-
  • -price might retraced to previous resistance
  • Placed TP between 50 to 61.8% Fib Level
  • Placed Stop Loss at previous LH
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