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MEX_Exchange
Oct 19, 2017 2:22 AM

GBPUSD dropping nicely from resistance, remain bearish  做空

British Pound/U.S. DollarFXCM

描述

Sell below 1.3269. Stop loss at 1.3357. Take profit at 1.3032.
Reason for the trading strategy (technically):
Price has dropped really nicely from our selling area previously. We now remain bearish looking to sell on major resistance pullback at 1.3269 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a push down to at least 1.3032 support (Fibonacci extension, horizontal swig low support).
Stochastic (89,3,1) is dropping nicely from our 99% resistance and we see good downside potential for the rest of the drop.
评论
werawonic
Thank you for the analysis!
wokudopsau
thanks... you are good.
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