GBPAUD is showing bearish divergence in the overbought zone on the 4H RSI as it approaches my long term fib resistance along this trend support (red line).
I'm not going to enter the trade on a Friday but Sunday night when markets open I'll be watching this pair very closely for a short opportunity.
Kommentare
akshasuv
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R u in this one?
QuileHills
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It's pending with entry at 1.90989
Alex.Singletary
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oops wrong one my apologies
Alex.Singletary
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bullish hammer on Monthly.
Alex.Singletary
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uptrend in place i wouldn't short unless youre scalping
Gekko.uk
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Needs a retrace and retest off previous structure as it needs fresh demand to propel the pair higher
Alex.Singletary
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OR it could just not retrace at all lol 50/50 chance always
QuileHills
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Yup, that's why you need an appropriate stop loss that works with your money and risk management strategy.