Euro / British PoundShort
Short position for EURGBP + daily resistance
The orange line is a daily resistance that I use a long time ago.
As we can see RSI already crossed the 50, after a overbought zone, together with MACD we can see after the RSI change the direction MACD had crossed the signal line and also changed it.
And joining these indicators we've the BB where the candles had already crossed the MA, and the BB lower line is moving away from upper line, showing us a great continuation of the downtrend
Analysis of the 4H time-frame is the same, all the indicators are moving in the same direction as 1H tf
As we can see RSI already crossed the 50, after a overbought zone, together with MACD we can see after the RSI change the direction MACD had crossed the signal line and also changed it.
And joining these indicators we've the BB where the candles had already crossed the MA, and the BB lower line is moving away from upper line, showing us a great continuation of the downtrend
Analysis of the 4H time-frame is the same, all the indicators are moving in the same direction as 1H tf
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