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MEX_Exchange

GBPUSD profit target reached perfectly, prepare to sell

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MEX_Exchange  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD gbpusdshort gbpusdidea gbpusddaily gbpusdnews gbpusdlong USD GBP gbpusdanalysis gbpusd1hr gbpusdlongsetup gbpusdsell gbpusdtrade
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gbpusd gbpusdshort gbpusdidea gbpusddaily gbpusdnews gbpusdlong usd gbp gbpusdanalysis gbpusd1hr gbpusdlongsetup gbpusdsell gbpusdtrade
Sell below 1.2933. Stop loss at 1.2988. Take profit at 1.2854.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell below 1.2933 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1.2854 support (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing intermediate resistance at 85% where we expect a drop from.
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