GBPUSD H8 - Sell Signal
GBPUSD H8
Converse to AUDUSD analysis above. We also have the likes of GBPUSD here in front of us, where we have seen a rejection from 1.28500 price, a half number acting as resistance. If we look to the left on this chart, on June 12, you'll notice and aggressive selloff. This formed an attractive area of supply.
We have a few confluence in and around this 1.28500 price, so it's certainly a zone to keep an eye on for USD strength resumption. A double top on 1.28500 could be a great sell signal.
Converse to AUDUSD analysis above. We also have the likes of GBPUSD here in front of us, where we have seen a rejection from 1.28500 price, a half number acting as resistance. If we look to the left on this chart, on June 12, you'll notice and aggressive selloff. This formed an attractive area of supply.
We have a few confluence in and around this 1.28500 price, so it's certainly a zone to keep an eye on for USD strength resumption. A double top on 1.28500 could be a great sell signal.
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Website - stan.store/TradeSimpleFX
Instagram: instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com
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