Hello Guys,
In the Daily chart of GBP/USD there is a shorting oppurtunity as the major trendline of the pair is bearish , the last bullish correction came to an end facing a strong Resistance zone ( Ex Support which was violated to the downside).
In confluence with that the Upper Band of the bollinger and the EMA 50 acting as resistance also in the same zone of the structure (look left).
What even makes the Trade even better and more successful the Stoch (overbought and crossover in confluence with the peak of the Momentum).
Stop Loss obviously above the Major Resistance
Take profit it can be divided on 2 ( first target the moving average of bollinger and 2nd target the lower band of bollinger).
Good Luck,
EL KHIBRATTOR
In the Daily chart of GBP/USD there is a shorting oppurtunity as the major trendline of the pair is bearish , the last bullish correction came to an end facing a strong Resistance zone ( Ex Support which was violated to the downside).
In confluence with that the Upper Band of the bollinger and the EMA 50 acting as resistance also in the same zone of the structure (look left).
What even makes the Trade even better and more successful the Stoch (overbought and crossover in confluence with the peak of the Momentum).
Stop Loss obviously above the Major Resistance
Take profit it can be divided on 2 ( first target the moving average of bollinger and 2nd target the lower band of bollinger).
Good Luck,
EL KHIBRATTOR
Trade stängt manuellt