GBPUSD sell trade idea 06 09 2021
SELL GBPUSD 1.3844
SL: 1.3874
TP1: 1.3824
TP2: 1.3804
TP3: 1.3784
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3844
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: NFP released last Friday indicated strong decline in the number of jobs created, ISM Services PMI continues to expand strongly
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: UK Construction PMI 1630hrs, MPC Member Mann Speaks 1910hrs, USD: Bank Holiday today
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