Short GPBUSD
1D
Price forming a possible BAT, also a 5-0 pattern can be seen.
Price has broken thru support and is now retesting support turned resistance.
Divergence can be observed where price has made higherlows while RSI lowerlows.
4h
Price seems to be respecting the resistance zone.
Another possible BAT is forming with a completed 5-0 pattern can be observed
Volume seems to be slowing down as well.
RSI at overbought with Divergence, wherein price has formed lowerhighs while the RSI higherhighs.
I expect price to go for a short downtrend move with a bounce right at the 1.2830 price zone or
at the 1.270 level before reversing to the uptrend.
Price forming a possible BAT, also a 5-0 pattern can be seen.
Price has broken thru support and is now retesting support turned resistance.
Divergence can be observed where price has made higherlows while RSI lowerlows.
4h
Price seems to be respecting the resistance zone.
Another possible BAT is forming with a completed 5-0 pattern can be observed
Volume seems to be slowing down as well.
RSI at overbought with Divergence, wherein price has formed lowerhighs while the RSI higherhighs.
I expect price to go for a short downtrend move with a bounce right at the 1.2830 price zone or
at the 1.270 level before reversing to the uptrend.
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