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theforexarmy

GBPUSD right on resistance, remain bearish

Short
Sterlina / Dollaro (FX:GBPUSD)  
theforexarmy  
FX:GBPUSD   Sterlina / Dollaro
GBPUSD gbpusdshort gbpusdidea gbpusddaily gbpusdnews gbpusdlong USD GBP gbpusdanalysis gbpusd1hr gbpusdlongsetup gbpusdsell gbpu
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gbpusd gbpusdshort gbpusdidea gbpusddaily gbpusdnews gbpusdlong usd gbp gbpusdanalysis gbpusd1hr gbpusdlongsetup gbpusdsell gbpu
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
We remain bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support).
RSI (34) is seeing strong descending resistance holding price down.

Idee correlate

theforexarmy
GBPUSD right on resistance, remain bearish
theforexarmy
GBPUSD reached profit target, turn bearish
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