MEX_Exchange

GBPUSD approaching profit target, time to start selling

Short
FX:GBPUSD   Livre sterling / Dollar américain
Sell below 1.3269. Stop loss at 1.3357. Take profit at 1.3032.
Reason for the trading strategy (technically):
Price has risen really nicely towards our profit target. We prepare to sell as GBPUSD approaches major resistance at 1.3269 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at least 1.3032 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance below 98% where we expect a reaction from.
Clause de non-responsabilité

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