26/5/2021
GBPUSD
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.40080
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Pound is currently at its consolidation stage.
Weekly has not form a bearish candlestick yet, which means the trading idea at the moment will still be an early stage of thinking GBPUSD will be going in a bearish trend.
The better option, would be atleast wait for weekly to form a bearish candlestick before going in.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
GBPUSD
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.40080
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Pound is currently at its consolidation stage.
Weekly has not form a bearish candlestick yet, which means the trading idea at the moment will still be an early stage of thinking GBPUSD will be going in a bearish trend.
The better option, would be atleast wait for weekly to form a bearish candlestick before going in.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.