TmTRADES
Short

GBP USD SHORT - 1.1500 TARGET

FX:GBPUSD   British Pound / U.S. Dollar
84 views
3
Monthly fibonacci confluence 1.1500
Weekly fibonacci confluence 1.1500
Daily fibonacci confluence 1.1500
Daily head and shoulders pattern
Spinning top candlestick at daily resistance

Fundamentals confluence - Englands interest rates low at 0.25% = weaker GBP
- USD rate hike to 0.75% = stronger dollar

Comments

unlikely target ,cant be that pattern at a current bottom,no prier up trend
Reply
@tone, We shall see how price action plays out. Price recently came back up and would have taken stops above the spinning top on the RS. Price then dropped down creating a bearish engulfing at the daily resistance. This was when the BOE didn't change their interest rates.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out