$GBPUSD | Sell Trade | Market Exec |
Technical Confluences:
- The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100%
- Stochastics have started to reversed off the Overbought conditions
- Resistance Trendline present
- Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone
Fundamental Confluences:
- No difference from previous posting
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Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher.
Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels.
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- The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100%
- Stochastics have started to reversed off the Overbought conditions
- Resistance Trendline present
- Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone
Fundamental Confluences:
- No difference from previous posting
-----
Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher.
Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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