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Shivam_93

GBP/USD Short Setup

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Shivam_93 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Fibonacci Parallel Channel Moving Averages sterling sterlingdollar GBPUSD confluence confirmation crossover goldenratio
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fibonacci parallelchannel movingaverage sterling sterlingdollar gbpusd confluence confirmation crossover goldenratio
- Breakout of parallel channel
- Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
- EMAs crossover with price action below supporting bearish bias
- Bearish sentiment on sterling with uncertainty looming over brexit
- Price seems to be heading back towards the 1.3000 psychological level
- 60 pips target with 30 pips stop
Trade closed: stop reached:
Spiked out due to news then melted
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