TradeWithMky

GBPuSD short its Time to reverse

Short
TradeWithMky Updated   
FX:GBPUSD   British Pound / U.S. Dollar
hello everyone
gBPUSd has some signals for reverse
like :
1 : candlestick formation + candlesticks pattern
2 : daily channel Trading ( in the highest Price )
3 : indicator RSI at the hammer candle
4 : fibonacci expantional 161.8% + fibonacci retracement 100% ( in highest Price ) ( hammer candle )
5 : head and shoulder in H1 time frame ( image in comments )

actually This analysis is based on technical analysis but there is some reasons that make it difficult to happen
1 : market sentiment
2 : fundamental news
3 : Bitcoin , Gold , and Euro are in uptrend against UsD
and some more reasons : )

Its better to wait for more confirmations such as breaked out h4 long Channel and break out some Trend Lines and maybe good entry in lower time frame

thanks for reading this analys
Hope you enjoy
Trade closed: target reached:
570 pip Profit

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.