GBPUSD Sell Trade Analysis & Execution Plan

kemarin dulu

*GBPUSD Sell Trade Analysis & Execution Plan*

*Key Technical Rationale:*
1. *Fibonacci Retracement (61.8%):* Price reversed after testing the 61.8% Fib level, a classic reversal zone in downtrend corrections. This suggests a potential resumption of the broader downtrend.
2. *Bollinger Bands:* The breach of the upper band (20-period, 2σ) signals short-term overextension, often followed by a reversion to the mean (mid-band).
3. *Williams %R:* Overbought confirmation (above -20) aligns with the Bollinger Band breach, strengthening the bearish reversal case.
4. *Resistance at 1.3000:* A psychological and technical barrier where selling pressure emerged.

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*Trade Strategy:*
- *Entry:* Sell near 1.3000 (ideally on a bearish candlestick pattern or rejection signal).
- *Stop Loss:* Place above 1.3050 (50 pips risk) to account for potential false breakdowns.
- *Take-Profit Targets:*
- *TP1: 1.2810* (Near-term support, 190 pips profit).
- *TP2: 1.2700* (Key swing low, 300 pips total profit).
- *TP3: 1.2570* (Corrected typo; aligns with longer-term support, 430 pips total profit).

*Risk-Reward Ratio:* 1:3.8 (50 pips risk vs. 190/300/430 pips reward).

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*Critical Considerations:*
- *Trend Context:* Confirm the broader trend is bearish (lower highs/lows on daily chart).
- *Fundamentals:* Monitor BoE policy, UK/US economic data, and USD strength catalysts (e.g., Fed rate expectations).
- *Confluence:* Watch for bearish RSI/MACD divergence or increasing volume on the reversal for added confirmation.

*Conclusion:* A high-probability setup if technical conditions hold, but ensure strict risk management and adapt to real-time price action.

kemarin dulu

Trade aktif

trade active now 1.29300 keep hold it my target