FX:GBPUSD   British Pound / U.S. Dollar
152 3 0
GBPUSD             setup on the 4h chart. We are approaching significant resistance, there is fibs confluence including a 38.2% retracement from the big drop of 2008, we also have RSI bearish divergence and an ABCD pattern completion on both daily and 4h charts. Feel free to sell at market or wait for further confirmation if you are more conservative. You may use a 1st target at the green line (1.6082). This is a trade where we can lose a little, or win a lot. That's how it should always be. Good luck

Best regards
It's possible, not an issue for me considering the size of the trade. Also, RSI already bearish and the last candle made a rejection of the recent minor structure. Of course it can still go up, never said that it couldn't. But according to my rules and my RR on this one, I'm ok taking the trade right now.

Best regards
Reply
indicator says it will go up a little.
Reply
My mistake, stops go to 1.6472, above structure.

Best regards
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out