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British Pound / U.S. Dollar
Short
Updated

GBPUSD Medium Term Short

111
GBPUSD may be starting a medium term short phase with the dollar strength index (DXY) being oversold on the 4 hour chart. We are seeing a synced trend here with the FX majors. Technically the 4 hour RSI has been overbought recently and actually has not been that overbought since May 2021 which is a good signal. Momentum oscillators are showing bearish momentum here for a short trade.
Trade closed: target reached
closed
Seafair-Capital-Management
Also on:
Beyond Technical AnalysisGBPUSDTechnical IndicatorsTrend Analysis

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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.
Beyond Technical AnalysisGBPUSDTechnical IndicatorsTrend Analysis
Seafair-Capital-Management
Also on:

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.