GBPUSD sell trade idea

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SELL GBPUSD 1.3915 

SL: 1.3945

TP1: 1.3895

TP2: 1.3875

TP3: 1.3855

*Trading conditions may differ between account types and brokers.

Signal Analysis  by LCMS Traders 

Timeframe: H1

Step 1 - Previous News:  GBP: CPI data increase in annual inflation, USD: -

Step 2 - Trend:  Down to Across, Trend Following

Step 3 - Support/Resistance: Breaking Through Support

Step 4 - Indicators

- Bollinger Bands: within  

- MACD: both small down

- Stochastic: H4 heading down

- PSAR:  bearish

Step 5 - Upcoming News:  GBP: -, USD: Unemployment Claims 2030hrs