YourLazyTrader

GBPUSD daily candle showing Bullish exhaustion, potential drop

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YourLazyTrader Atualizado   
FX:GBPUSD   Libra Esterlina/Dólar Americano
The last daily candle in GBPUSD shows indecision among the sellers and buyers in the market.
So, this week, we might see a the sellers dominate the market.
The daily candle gives us a potential sell trade with very good risk/reward.
I would be looking to sell GBPUSD@1.3040-1.3050 with SL above 1.3070.
I will target 1.2990, 1.2940 and 1.2880 as possible take profit areas.
Comentário:
Although I didn't take this trade, this set-up was very good and price is already 40 pips down from my planned sell level
Aviso legal

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