GBPUSD sell trade idea 10 06 2021
SELL GBPUSD 1.4086
SL: 1.4116
TP1: 1.4066
TP2: 1.4046
TP3: 1.4026
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.4086
Timeframe: H1
Step 1 - Previous News: GBP: EU threatened to take retaliatory actions on UK, MPC Member Haldane Speaks 2005hrs, USD: -
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both down
- Stochastic: H4 in over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, USD: CPI m/m 2030hrs
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