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AW2729

GBPUSD testing a major resistance : SHORT

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
AW2729 Atualizado   
FX:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Fibonacci Chart Patterns Technical Indicators short DROP gu overbought pips
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trendanalysis fibonacci chartpattern indicator short drop gu overbought pips
Price is approaching a major resistance that has already been rejected on the daily chart. The price respected the Fibonacci extension levels and RSI shows that price tends to be overbought at this major area. I would expect a major drop to the major support at 1.36 area. I would suggest then : SL at 1.39600 with a TP at 1.36181
Trade ativo:
Price rejected resistance : beginning of a downtrend my friends.
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