The British Pound against the US Dollar short setup technical analysis.

in #forex • 7 years ago

 GBPUSD trading idea for long term.


Technical analysis behind this trading

  • Market is now in resistance level. ir already bounce back from resistance level.
  • Fibonacci retracement .886
  • ABCD patter.

 Stop Lose 1.36200  Take Profit 1.33500


Daily Chart

 H1 time frame chart for entry. 

Using multiple time frame analysis i found the entry for GBPUSD pair for next week.

Daily chart give me longer term setup for short .Lower chat  Hour 1 time frame give me entry confirmation.

 


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7 years ago in #forex by
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