Why I Think GBPUSD Will Continue to Sell This Week

Hey Rich Friends,

It is time for another trading week! I think GBPUSD will continue to sell this week and here is what I am looking at:
- The candles have already rejected off of the supply zone
- The candles are closing below the 50 and 200 EMA
- The STOCH is below is 20 and the orange line (slow line) is above the blue line (fast)

This is only a technical analysis so please make sure that you check the news and your indicators to see if it makes sense to you.

I will be getting into this trade for Market Execution and setting a sell limit in the supply zone.

Peace and Profits,
Cha

Kommentera:

TP 1 and TP 2 Hit! +60 pips on this trade so far.

Peace and Profits,
Cha

Kommentera:

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