GBPUSD sell trade idea 23 04 2021

#OPINIONLEADER#

SELL GBPUSD 1.3860

SL: 1.3890

TP1: 1.3840

TP2: 1.3820

TP3: 1.3800

*Trading conditions may differ between account types and brokers.

Signal Analysis by LCMS Traders

Currency Pair: GBPUSD

Timeframe: H1

Step 1 - Previous News: GBP: Retail Sales increased in consumer spending, USD: Unemployment Claims data decline in the number of unemployment benefits

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Moving Towards Support

Step 4 - Indicators

- Bollinger Bands: within

- MACD: both up, fast turning

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: GBP: Flash PMI 1630hrs, USD: Flash PMI data 2145hrs, New Home Sales data 2200hrs.