GBPUSD (4H) Update
Updated
. 200 and 50 day SMA crossover soon
. Indication of a price reversal
. Second confirmation: OBV divergence
. Double top on 15min time-frame
. News could have effect on price action however supply zone is on site and resistance remains strong
. Indication of a price reversal
. Second confirmation: OBV divergence
. Double top on 15min time-frame
. News could have effect on price action however supply zone is on site and resistance remains strong
Note
Wick rejections on 4H time-frameNote
Price is consolidating at crossoverTrade closed: target reached
Price went down to 1.25 before reversal.
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