Get started
British Pound / U.S. Dollar
Short

GBPUSD: Divergence confluences!

By KarYong
Updated
We have a completed Triple Top Divergence setup, and price has now retraced more than 61.8. And we do have a hidden divergence as well.

Is it currently presenting a better entry price?
Comment
On H1, price is currently forming a double top divergence setup. We would like to a confirmation of the setup with a break of the 1.5415 level.

Aggressive traders can short the breakout towards the 1.5330 region; while more conservative traders can wait for a 2618 setup.

GBPUSD: Double Top Divergence
2618 TradeDivergenceGBPUSD
KarYong

Related publications

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.