SELL GBPUSD 1.3734
SL: 1.3764
TP1: 1.3714
TP2: 1.3694
TP3: 1.3674
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
SELL GBPUSD 1.3734
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: Conference Board Consumer Confidence decline in the level of confidence
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, USD: ADP Non-Farm Employment Change 2015hrs, ISM Manufacturing PMI 2200hrs, FOMC committee member Bostic 0000hrs
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