GBPUSD Sell Opportunity
Explain the opportunity :
- Price test the 61.8% fibo level which ageing since 2015.
- Price crossed above the BB upper band.
- Clear divergence in RSI.
- Double top formed.
Risk Management / SL / TP :
- Pending order "Sell Stop" right below the neck of Double tops (Green Line).
- SL level to be placed on the validation area right above the swing high (Orange Line).
- 1st TP @ 1.40055 (Black Line) then to free risk the trade and hunt next levels @ 1.36000 and @ 1.32000
Good Luck
((Kindly evaluate my analysis and tell me if you agree or disagree :). ))
- Price test the 61.8% fibo level which ageing since 2015.
- Price crossed above the BB upper band.
- Clear divergence in RSI.
- Double top formed.
Risk Management / SL / TP :
- Pending order "Sell Stop" right below the neck of Double tops (Green Line).
- SL level to be placed on the validation area right above the swing high (Orange Line).
- 1st TP @ 1.40055 (Black Line) then to free risk the trade and hunt next levels @ 1.36000 and @ 1.32000
Good Luck
((Kindly evaluate my analysis and tell me if you agree or disagree :). ))
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