GBPUSD sell trade idea 26 07 2021
SELL GBPUSD 1.3746
SL: 1.3776
TP1: 1.3726
TP2: 1.3706
TP3: 1.3686
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3746
Timeframe: H1
Step 1 - Previous News: GBP: UK Retail Sales rebound in consumer spending, UK flash PMI data slowdown in business activities, USD: Flash PMI continued expansion
Step 2 - Trend: Down to Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both flat
- Stochastic: H4 heading down
- PSAR: near bearish
Step 5 - Upcoming News: GBP: MPC Member Vlieghe Speaks 1900hrs, USD: New Home Sales 2200hrs
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