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GBPUSD sell trade idea 13 05 2021

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#OPINIONLEADER# #Signal#

SELL GBPUSD 1.4058

SL: 1.4088

TP1: 1.4038

TP2: 1.4018

TP3: 1.3998

Signal Analysis by LCMS Traders 

Currency Pair: GBPUSD

SELL GBPUSD 1.4058 

Timeframe: H1

Step 1 - Previous News: GBP: UK Preliminary GDP negative economic growth, USD: CPI m/m sharp increase in inflation

Step 2 - Trend: Across to Down, Trend Following

Step 3 - Support/Resistance: Moving Towards Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast turning, slow flat

- Stochastic: H4 in over sold

- PSAR: bearish

Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks tomorrow 0000hrs, USD: Unemployment Claims 2030hrs


GBPUSD sell trade idea 13 05 2021




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