GBPAUD - 1.8700 + Price-RSI Divergence + Daily TF Divergence
Price : 1.8700
Price Action : Price made higher high and tested 1.8700. The reaction was a bearish engulfing candle
Indicator : Price-RSI Divergence and also at Daily TF, there is a Price Divergence as well (look at the chart below)
Looking Ahead : if there is no positive Brexit news over the weekend and next week, I anticipate market will sell off their optimism on Sterling. If I would short this pair, the pink lines would be my targets
Price Action : Price made higher high and tested 1.8700. The reaction was a bearish engulfing candle
Indicator : Price-RSI Divergence and also at Daily TF, there is a Price Divergence as well (look at the chart below)
Looking Ahead : if there is no positive Brexit news over the weekend and next week, I anticipate market will sell off their optimism on Sterling. If I would short this pair, the pink lines would be my targets
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.