GBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month.
Trade Plan ( Bearish Bias)
(1) Dow Consecutive two LHs and LLs
(2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum
Placed Sell Stop instead CMP.
Placed TP at 61.8% Fib Level
Placed Stop Loss at previous LH
GBPUSD shows a bearish momentum on daily TF based on:
Dow Consecutive two LHs and LLs
Daily Divergence
Printed high volume bearish candle yesterday that broke previous resistance and confirms price action in bearish momentum
** Trade Plan**
Placed Sell Stop instead CMP as possible chance-
-price might retraced to previous resistance
Placed TP between...
