GBPUSD top-down analysis
on H1: price formed a new swing around our red trendline and broke it upward, so we could have entered a buy.
on DAILY: Currently, price is retesting a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on M30: price formed an objective double top pattern and broke its neckline downward so we are currently holding a sell.
we also have divergence on MACD adding more confluence to our sell setup.
on DAILY: Currently, price is retesting a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on M30: price formed an objective double top pattern and broke its neckline downward so we are currently holding a sell.
we also have divergence on MACD adding more confluence to our sell setup.
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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