GBP/USD-Sterling/Dollar – Medium/Long Term – 1600 pips SELL Trade

GBP/USD-Sterling/Dollar moved 450 pips higher in the past 2 trading days due to rumors and speculations from Bank of England that they could consider raising Interest Rates ‘’in the coming months”.

This aspect was over-rated by Bulls and GBP/USD-Sterling/Dollar roared, leaving everyone else scratching their heads… us too, our SL was hit on the “GBP/USD-Pound/Dollar – Bearish Minute C” insight.

It’s part of the game, losses are included.

We are moving forward!

We believe that the 1.3600 Levels are Very Important due to the fact that they are reflecting Jan 2009’s Recession End, June 2016 Brexit Day close and Flash Crash Vibration Levels.

A Bearish Divergence is Imminent!

2H Chart (picture):

GBP/USD-Sterling/Dollar – Medium/Long Term – SELL POSITION:

• Entry – 1.3600
  SL – 1.3800
  TP – 1.3200 / 1. 2750 / 1.2400 / 1.2000

2H Interactive Chart:

Safety Measures:

• When in the green, moving SL to break-even or in profit.
• If Conservative, waiting for a Bearish Divergence confirmation.

Many pips ahead!