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GBPUSD at a strong pivot point historically. Looking at a sell opportunity once we have confirmations.
Indicators:
1. Downwards weekly trendline
2. Weekly RSI in strong sell zone
3. Weekly candlestick has closed under Down trendline
Entry:
1. Aggressive trade @ current price of 1.3073 with short stop loss.
2. Wait for large bear candle on daily to sell down. (current POV )
TP 1: Shorterm: Next support @ 1.2829 area
TP 2: Long term: Large support @ 1.2116 area
Good luck trading!
Let me know how I can help.
Charles V
http://www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Indicators:
1. Downwards weekly trendline
2. Weekly RSI in strong sell zone
3. Weekly candlestick has closed under Down trendline
Entry:
1. Aggressive trade @ current price of 1.3073 with short stop loss.
2. Wait for large bear candle on daily to sell down. (current POV )
TP 1: Shorterm: Next support @ 1.2829 area
TP 2: Long term: Large support @ 1.2116 area
Good luck trading!
Let me know how I can help.
Charles V
http://www.cvfxmanagement.com
@cvfxwealth
Trading made simple
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