SELL GBPUSD 1.3794
SL: 1.3824
TP1: 1.3774
TP2: 1.3754
TP3: 1.3734
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3794
Timeframe: H1
Step 1 - Previous News: GBP: UK Construction PMI continued expansion, USD: ISM Services PMI slowdown in the pace of expansion
Step 2 - Trend: Down to Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow up
- Stochastic: H4 heading up
- PSAR: near bearish
Step 5 - Upcoming News: GBP: -, USD: FOMC Meeting Minutes tomorrow 0200hrs
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