GBPUSD Short around 1.4765.
Hello Traders,
I'm expecting a short term downside for pound after reaching structure resistance around 1.4765. Price already started forming bearish candles on 4 hour with high volume. But I expect one more upthrust to 1.4765 area before going down.
The RSI is forming divergence on 4 hour and daily. Price most likely retest the bottom of the channel.
Good Luck!
I'm expecting a short term downside for pound after reaching structure resistance around 1.4765. Price already started forming bearish candles on 4 hour with high volume. But I expect one more upthrust to 1.4765 area before going down.
The RSI is forming divergence on 4 hour and daily. Price most likely retest the bottom of the channel.
Good Luck!
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.