Divergence Setup:
The RSI shows bullish divergence, where the price is making lower lows, but the RSI is making higher lows. This suggests a potential reversal to the upside.
Trendline Break:
A descending trendline has been drawn connecting lower highs (LH) and lower lows (LL) on the chart. The recent candle seems to be testing or breaking this trendline, which...
The British Pound (GBP) against the US Dollar (USD) on the 1-hour timeframe has been following a bearish trend, as evidenced by the trendline and the formation of consecutive lower highs (LH) and lower lows (LL). However, the trend appears to be reversing, as the price has broken above the bearish trendline and has started forming higher highs (HH) and higher lows...
