ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.34399, 1.36226, 1.37000.
Key Support Levels: 1.32157, 1.29015, 1.28500.
Daily Chart:
The price on the higher time frame is in a clear downtrend movement where a series of lower highs and lows has been posted. We expect this to continue where the last correction most probably ended and we might see further movement to the downside.
1-Hr Chart:
On the lower time frame, the price found sellers around the 50% Fibonacci retracement level where a double top has been posted showing that the price is about to reverse and move to the downside. before this move a higher correction could be seen toward the highlighted zone.
Signal Idea:
Sell Limit Order @ 1.34373
TP 1 @ 1.33556
TP 2 @ 1.32157
Stop Loss @ 1.34779
Trade Safely 🙂
