Place a pending sell limit at 1.3935 | 07 Maret 2018
07 Maret 2018, GBP/USD
Technical Observation:
The last day's candle is and indication that the momentum to the upper side could be diminishing. The best place to sell Gbp is around the previous day's highest high 1.3929, conservative traders can either remain flat, or place a pending sell limit order at 1.3935 with stop loss slightly above 1.3935 at take profit at 1.3755. As it is on the daily chart, I'd focus most on the anticipated sell position, however, scalpers could look for a long position with their take profit at 1.3935.
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