GBP USD short - 1 hr timeframe
1. As you can see we have a hidden bearish divergence on the 1hr timeframe
2. We have also hit a key resistance area signified by the plotted black line
3. We then have a bearish engulfing candle which adds more substance to taking the trade
4. Finally awaiting the entry signal of the rsi crossing the overbought band (60) in a downward direction
2. We have also hit a key resistance area signified by the plotted black line
3. We then have a bearish engulfing candle which adds more substance to taking the trade
4. Finally awaiting the entry signal of the rsi crossing the overbought band (60) in a downward direction
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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.