GBPUSD 4H - Approaching confluence level

アップデート済
The trend line in white, which worked as a support, was clearly broken, therefore there are signs of further bearish pressure on this pair. A conservative way I see to trade this pair is to wait for the price to reach what I consider a confluence level, around 1.31400. It could be a nice entry point for opening a short position.
Actually, tre white trend line could be tested, around 1.31800, although I think price might not reach that level. Reasons: RSI is already overbought and MACD is showing that bulls might be soon exhausted, as it is near to show a bearish cross.

Short entry: 1.31414 (Optional 1.31875)

TP1: 1.29974
TP2: 1.28875
TP3: 1.28021

SL 1.32046 (SL for optional entry: 1.32755)


*Not financial advise, just sharing my ideas :)

Feel free to give your feedback/opinion. Thanks for reading!
トレード稼働中
Main short entry triggered
トレード稼働中
The price got perfectly into the "Sell area" and touched the trend line. So far all going according to the plan.
トレード稼働中
TP1 Hit
トレード稼働中
TP2 Hit
手動でトレードを終了しました
Partial profit of TP3 taken. The reason is the volume in the last closed candle of 1 hour, that makes me doubt that the move can reach TP3.
Happy trade :)
Thanks for reading.
Chart PatternsTechnical IndicatorsTrend Analysis

免責事項