GBP/USD:SELL From Resistance 61.8% FIBO OverB. Stoch SHORT setup

27 окт. 2022 г.

GBP/USD yesterday had a reaction on the confluence of the dynamic trendline and the Resistance level of the raising wedge. The price didn't reach our resistance zone but today the price seems ready to have a bearish impulse in the lower side of the wedge pattern where, if the price will break the support line , we will entry with a SELL setup, the Take profit will the vertical amplitude of the pattern, as strategy teach. Today I drawed also a 61.8% FIBO Level from the previous Higher high and the price seems had a rejection exactly n this point. The 78.6% Fibo may be a more conservative place where put the stop loss. Lasty but not indifferent is the Daily Stochastic indicator that show a Overbought level. That's our idea..

27 окт. 2022 г.

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