GBPUSD is currently below 20 MOV AVG ON DAILY and 4 hr chart. Heiken Ashi , CCI , and MACD are all in favor of the downward move on Daily, 4hr, and 60 min chart. For entry wait for price to close below 20 day mov. avg. confirmed by Heiken Ashi bar, CCI, and MACD. Overall trend is still down.
Expected Entry at 1.4150 -1.4200 . Use 35 pip stop and aim for 150 pips . Pay attention to the round numbers as possible reversal areas. 1.4100 and 1.4000. Personally I will be exiting half my position at 1.4100 and let the remainder run.
Entry: SELL 1.4150
SL: 1.4186
TP: 1.4000
Expected Entry at 1.4150 -1.4200 . Use 35 pip stop and aim for 150 pips . Pay attention to the round numbers as possible reversal areas. 1.4100 and 1.4000. Personally I will be exiting half my position at 1.4100 and let the remainder run.
Entry: SELL 1.4150
SL: 1.4186
TP: 1.4000
Comment:
Currently waiting on 60 min chart to agree with the 4 hr and Daily chart using MACD, CCI, 20 Moving Avg.. and Heiken Ashi Candles. Getting real close!
Trade active
Comment:
Still Valid and moving along
Trade closed manually