GBP/USD Set To Fall! SELL!
My dear friends,
I analysed this chart on GBP/USD, and concluded the following:
The price is coiling around a solid key level - 1.24695
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.23823
Recommended Stop Loss - 1.25173
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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