Some days back I have been suggesting a sell of GBPUSD. This is a further update on the SHORT sell strategy GBPUSD.
we are in a small uptrend channel, and the current support is 1.3736.
The Stochs and MACD are still in positive territory, and we have wide BOLL band. The latter suggest sell into rally.
The 5-Day MA and 14-Day MA are still positive as well.
For now, sell on break of 1.3736 and place stop above the mid-channel at around 1.3818. Profit order will be 1.3557.
we are in a small uptrend channel, and the current support is 1.3736.
The Stochs and MACD are still in positive territory, and we have wide BOLL band. The latter suggest sell into rally.
The 5-Day MA and 14-Day MA are still positive as well.
For now, sell on break of 1.3736 and place stop above the mid-channel at around 1.3818. Profit order will be 1.3557.