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Sell GBPUSD from 1.3186, stoploss above 1.3225 take profit at 1.3087.

Sell GBPUSD from 1.3186, stoploss above 1.3225 take profit at 1.3087. | 07 March 2019

07 March 2019, GBP/USD

Sell GBPUSD from 1.3186, stoploss above 1.3225 take profit at 1.3087.

Technical Observation

The overall trend on this pair is downwards according to the hourly chart attached. On this chart, I'm eyeing the following lines for potential trading lines 1.3087, 1.3186, 1.3239, and 1.3335. These are the lines that anytime the price approaches any of them, I'll be interested in a trade. Just now, the price is below a key hourly resistance line 1.3186. This is a potential sellers area, and while the price sustains itself below it, conservative traders should have pending sell limit orders around 1.3186 with stop loss above 1.3225 and take profit at 1.3087.

Trade Signal.

Sell GBPUSD from 1.3186, stop loss above 1.3225 take profit at 1.3087.

Imelda Maseno
Analyst of «FreshForex» company
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