GBP/USD 4HR SHORT
greetings traders!
im presenting a potential opportunity to make a tidy profit in the next few days from the following analysis.
looking at the chart straight away you will see the bearish divergence highlighted by the purple trend lines this is also in confluence with price being very close to level of support turned resistance, both the volume analysis and volume oscillator indicating a sharp decrease in volume as price approaches this level tells me a big move down is likely coming.
i would wait for a clean break of the trend line under price action however the bank of England interest rate decision and other notable reports are released in the next 2 days so be patient and wait for the right time to enter!
im presenting a potential opportunity to make a tidy profit in the next few days from the following analysis.
looking at the chart straight away you will see the bearish divergence highlighted by the purple trend lines this is also in confluence with price being very close to level of support turned resistance, both the volume analysis and volume oscillator indicating a sharp decrease in volume as price approaches this level tells me a big move down is likely coming.
i would wait for a clean break of the trend line under price action however the bank of England interest rate decision and other notable reports are released in the next 2 days so be patient and wait for the right time to enter!
Aviso legal
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