Short: GBP/USD
It's a bank holiday in the UK so I am expecting quiet play today
Top-down analysis on the 1Day, 4hour and 1hour chart indicate the market is overbought
£ looks like its at a high and could do with a retracement
Stochastic and MACD all aline to indicate a reversal
Price has crossed the moving average in the centre of the Bollinger bands
Top-down analysis on the 1Day, 4hour and 1hour chart indicate the market is overbought
£ looks like its at a high and could do with a retracement
Stochastic and MACD all aline to indicate a reversal
Price has crossed the moving average in the centre of the Bollinger bands
Note
Altered trade...Added a TP1 at 1.32597 where I will reduce the trade by 50% and move the SL. Then let the other 50% of the trade run to TP2
Trade closed: stop reached
Epic fail.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.