GBP USD MAY RESPECT THE GOLDEN ZONE.

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Hi Traders,
GBP USD is rejecting from the golden zone in confluence with the 50 SMA. The hourly chart is below 50 SMA indicating a short term down trend.
A short entry can be placed if we get a confirmation from the 5min Chart in the form of a chart pattern at these levels.
Pls like and follow.
Happy Trading......

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ملاحظة

Price has formed the first top in 5 min....

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ملاحظة

expecting a heads and shoulders in 5 min...

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تم فتح الصفقة

double top confirmed...

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تم حذف الأمر

stoch didnt crossover

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ملاحظة

expecting heads & Shoulders again.... this thing is playing with me guys

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ملاحظة

head is being formed....in 5min TF

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ملاحظة

we will be entering a put at the right shoulder on stoch (5,3,3) crossover. This trade will be a bit risky as there is lot uncertainty in the markets because of data release.
Stoploss will be above the head and target would be near the recent support.

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ملاحظة

this trade has the potential for 30 pips. but be cautious at support levels..bcoz there is lot of noise in the market today

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أغلقت الصفقة: تم الوصول للهدف

wow that was a good trade. y guys still no likes.....thats strange...