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ForbesRatingN1

GBP/USD. Short-term recommendation - short.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ForbesRatingN1 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdsell gbpusdforecast gbpusd_forecast gbpusdidea gbpusdtrade
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chartpattern indicator gbpusd gbpusdshort gbpusdsell gbpusdforecast gbpusd_forecast gbpusdidea gbpusdtrade
The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure.

How to trade.
Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
Comment:
Cancel limit orders. Sell by market.
Trade closed: target reached:
All targets are reached. Close deals in whole/in part. Or/and use floating stop-loss to protect profit.
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