GBPUSD sell trade idea 07 10 2021
BUY GBPUSD 1.3602
SL: 1.3572
TP1: 1.3622
TP2: 1.3642
TP3: 1.3662
Signal Analysis
Currency Pair: GBPUSD
BUY GBPUSD 1.3602
Timeframe: H1
Step 1 - Previous News: GBP: UK Construction PMI slowdown in expansion, USD: ADP Non-Farm Employment rose higher than expected
Step 2 - Trend: Up,Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: FOMC William speaks 2040hrs
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