GBP/USD: Trade Plan:   Since the monthly time frame

Tian Kriek

Analyst


June 19, 2018 10:24 PM

BEARISH

Daily Trading Range: 92
GBP/USD: Trade Plan:   Since the monthly time frame is at a high price I am waiting for a  sell signal on the Daily chart   There is a bearish crown and the right tip has not been established yet   I am therefore waiting for the StochasticRSI to be in the sell zone and  then I plan to sell at the right tip at roundabout 1.3700

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.4050
Resistance 2: 1.4340
Resistance 1: 1.4340
Current Price 1.3165
Support 1: 1.3750
Support 2: 1.3560
Support 3: 1.3500

Two Hour Chart

Two Hour Chart

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