Get started
peterbokma

GBPUSD-SELL strategy

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
peterbokma  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
12
1
trendanalysis
The pair has climbed due to corrective reasons. We are overbought 4-hourly chart (not extreme), and GANN resistances are near and may be protected.

Suggested strategy is, SELL @ 1.2530-1.2560 and place stop-loss above 1.2587 (above the 1.2557 GANN resistance. Profit order @ 1.2430-1.2450.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.