Hey guys! I have some trade idea for you. So, GBP is falling on the news about PMI lower 50 and we are also having some technical signals for short.
On the 1h we could see a pinbar next to the resistanse and the next candle was bearish which in aggregate with pinbar formed bearish trade setup
On the 15m we could see that price is forming bearish divergence.
TOTAL :
GBP has a negative news backround which is reinforced by bearish candle setups.
P.S When I was writing this, price had already began to fall
TOTAL :
GBP has a negative news backround which is reinforced by bearish candle setups.
P.S When I was writing this, price had already began to fall