top of page
Search

GBP/USD trading after breakout of a trendline

Although exponential moving average (EMA) crossover and RSI crossover already took place already, we waited for more confirmation for a bearish signal. Then breakout of trendline took place, the GBP/USD retraced back to trendline which is a frequently occurring phenomenon after such breakouts. As the pair formed hanging man candle pattern, we entered sell. We are expecting an immediate target at 1.36.


 
 
 

Recent Posts

See All
Gold (XAU/USD) trading plan

Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...

 
 
 

1 تعليق واحد


KeonConsultancy.com
KeonConsultancy.com
19 يناير 2022

The target was reached. 💲

إعجاب
  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page