I'm looking to short GBPUSD on a break of Fridays low.
Price looks over extended to me, RSI and STOCH overbought and price is approaching the 200MA. We saw some rejection from the top channel line last week. This channel has formed over the last 12 months.
If price does break lower I will short to 1.36.
Stops at 1.44
Price looks over extended to me, RSI and STOCH overbought and price is approaching the 200MA. We saw some rejection from the top channel line last week. This channel has formed over the last 12 months.
If price does break lower I will short to 1.36.
Stops at 1.44
Trade closed: target reached