Possible sell on gbpusd

We are seeing it test resistance soon. We could see a possible sell if the 4 hour stochastic crosses back over. Right now it is overbought in multiple time frames. We are waiting for confirmation on the 4 hour and to see the break of the trendline that is maroon. I expect it to touch the white resistance line above it and retrace downward to the next support line which would be 140 pips or so. Now we wait.

Trade active:

Trading is now active! All confluences have been met.

Comment:

Still in this trade. The news is affecting the time of this trade but all other trades hit tp. Audusd and eurusd, this will be no different we just have to wait it out.

Comment:

We are reaching tp soon. Patience pays off

Trade closed: target reached:

160 pips hit! What a great way to start the week.