GBPUSD - Liking a short to 1.55
1. Bearish Engulfing Candle on Daily
2. Price at a previous resistance level
3. MACD Divergence (Price made a higher high while MACD histogram made a lower high)
4. RSI overbought
5. Stochastic RSI is u-turning
Price may fall to 1.55 area in the coming week or two weeks.
In my books, this is a high quality setup. However, price can do what it wants so trade cautiously. As said before, we trade probabilities here and this one is a high probability setup.
2. Price at a previous resistance level
3. MACD Divergence (Price made a higher high while MACD histogram made a lower high)
4. RSI overbought
5. Stochastic RSI is u-turning
Price may fall to 1.55 area in the coming week or two weeks.
In my books, this is a high quality setup. However, price can do what it wants so trade cautiously. As said before, we trade probabilities here and this one is a high probability setup.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.