I will be looking to go short on GBPUSD from the rejection at the previous ascending support level. I will be watching the close of the 4hr candle at 2pm GMT. My Stop will be just above the 20EMA at 1.51800.
My target is 1.48124 which is the low of 2013. We may see some support at 1.5000 as it is a strong psychological level.
This is purely my observation of the market and not intended as trading advice.
My target is 1.48124 which is the low of 2013. We may see some support at 1.5000 as it is a strong psychological level.
This is purely my observation of the market and not intended as trading advice.