Klick711

Sell near the top of GBPUSD

Short
Klick711 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
On the daily, GBPUSD is testing the previous high from Dec 14 last year. We see a rejection candle today with its high is just 0.00108 below the last high.
I expect a downside move.
Possible entries on the 15m timeframe
Comment:
price is accumulating just below 1.24114, which is the level of interest. Still waiting for the reaction, possibly after the MoM release at 7am
Trade active:
price seems to top out at 1.239xx
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.