Trade Recommendation: GBPUSD | Hacked: Hacking Finance
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Analysis

Trade Recommendation: GBPUSD

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Trade Recommendation: GBPUSD

Introduction

This article was posted on Monday, 16:37, UTC.

The price diverges with RSI and MACD histogram. We have a bearish divergence which is a strong trend reversal signal. The double top chart pattern also shows that the market is going to reverse. RSI confirms price reversal. MACD supports downward movement. DMI allows open short trades. We have sell opportunity. Pending orders must be placed at 1.31800 level. Stop orders must be placed above the resistance level at 1.32300. The main profit target should be 1.31100 level. The other part of short positions can be closed at 1.30100 level. Don’t risk more than 3% from your deposit in this trade.

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Market: GBPUSD
Sell: 1.31800
Stop: 1.32300
Profit Targets: 1.31100 and 1.30100

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

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