GBPUSD sell trade idea 17 06 2021
SELL GBPUSD 1.3987
SL: 1.4017
TP1: 1.3967
TP2: 1.3947
TP3: 1.3927
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3987
Timeframe: H1
Step 1 - Previous News: GBP: UK CPI y/y increase in annual inflation, USD: Housing data decline, Monetary policy unchanged, initial discussions on cutting back QE
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow down turning
- Stochastic: H4 coming out from over sold
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: Unemployment Claims 2030hrs
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