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British Pound / U.S. Dollar
Short
Updated

GBPUSD Daily Chart- Hidden RSI Bearish Divergence

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GBPUSD

There's a Hidden RSI Bearish Divergence on the Daily Chart indicating a possible downtrend continuation.
A break below and daily candle close below the trendline and we may see price go as low as ~1.21700 ( Previous Low of March)

Short Entry: At close of Daily Candle below trendline
TP 1: 1.27000
TP 2: 1.21700
SL: 1.32600

This is longterm trade. Take profits as you wish.
Note
snapshot
Note
TP 1: 1.27000 reached
perfcrypto
Also on:
continuationpatternsHidden Bearish RSI DivergencelongtermtradeMultiple Time Frame AnalysisshortsetupTrend AnalysisTrend LinesTrend Line Break

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.
continuationpatternsHidden Bearish RSI DivergencelongtermtradeMultiple Time Frame AnalysisshortsetupTrend AnalysisTrend LinesTrend Line Break
perfcrypto
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.