1. Day: Rising channel trend
2. 4h: Patterns, Checked support lanes
3. EMA: Good signal for long
4. RSI: Have a normal
Finally: Swing Long trade Ri/Re 1/2
Firstly, i had drawn pitchpork and fibo retracement on last big swing price action. In result, i found resistance and support lines. After that, i observed that there price action in rising wedge pattern. As well as MACD,Stoch and RSI indicators given a signal of short trade. Finally, in my opinion,S@P500 index price down out rising wedge while ought to do short trade.
I have 2 reason to short trade on GBPUSD.
1. Brexit
on 12 April, in my view, the United kingdom will leave the EU by no deal as hard brexit will real. Otherwise, brexit will take a long long time... In the result, GBP will fall against USD in both probabilities.
2. Technical analyse
there is cause of my decision on my chart analyse.
Finally, GBPUSD short...
