GBPUSD sell trade idea 29 09 2021
SELL GBPUSD 1.3540
SL: 1.3570
TP1: 1.3520
TP2: 1.3500
TP3: 1.3480
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3540
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: FOMC member James Bullard expecting two interest rate hikes in 2022, Conference Board Consumer Confidence decline in the level of optimism, Fed Chairman Jerome Powell far from achieving its maximum employment goal
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow up
- Stochastic: H4 coming out from over sold
- PSAR: bullish
Step 5 - Upcoming News: GBP: BOE Gov Bailey Speaks 2345hrs, USD: Fed Chair Powell Speaks 2345hrs. FOMC Member Bostic Speaks 0200hrs
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