GBPUSD SHORT
Potential Short on GBPUSD?
MACD Divergence
Price currently is consolidating (preparing for a sharp move higher or lower)
Double Top - price attempting to push higher and being rejected - Followed by a large wick rejection on 15:00 candle (again showing price trying to move higher and being rejected)
Small lot sizes only on this one - personally I hate going long on USD at the moment, but if the charts give a clear set up, we must take it.
MACD Divergence
Price currently is consolidating (preparing for a sharp move higher or lower)
Double Top - price attempting to push higher and being rejected - Followed by a large wick rejection on 15:00 candle (again showing price trying to move higher and being rejected)
Small lot sizes only on this one - personally I hate going long on USD at the moment, but if the charts give a clear set up, we must take it.
Note
3 Positions on this, Taken 35 pip profit on 1
Moved my stops to breakeven on the others
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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.