GBP USD MAY RESPECT THE GOLDEN ZONE.

Hi Traders,
GBP USD is rejecting from the golden zone in confluence with the 50 SMA. The hourly chart is below 50 SMA indicating a short term down trend.
A short entry can be placed if we get a confirmation from the 5min Chart in the form of a chart pattern at these levels.
Pls like and follow.
Happy Trading......

Comment:

Price has formed the first top in 5 min....

Comment:

expecting a heads and shoulders in 5 min...

Trade active:

double top confirmed...

Order cancelled:

stoch didnt crossover

Comment:

expecting heads & Shoulders again.... this thing is playing with me guys

Comment:

head is being formed....in 5min TF

Comment:

we will be entering a put at the right shoulder on stoch (5,3,3) crossover. This trade will be a bit risky as there is lot uncertainty in the markets because of data release.
Stoploss will be above the head and target would be near the recent support.

Comment:

this trade has the potential for 30 pips. but be cautious at support levels..bcoz there is lot of noise in the market today

Trade closed: target reached:

wow that was a good trade. y guys still no likes.....thats strange...