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GBPUSD - Bearish Trend - Short

Short
Livre sterling / Dollar américain (OANDA:GBPUSD)  
mansooryousafzai  
OANDA:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort forexsignals forexsignal trendtrading
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trendanalysis chartpattern indicator gbpusd gbpusdshort forexsignals forexsignal trendtrading
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.

Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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