GBP USD - Short Flashcard
- Pair presented with double top off of YH with an easy entry @ 13 ema close (below)
- Although RSI didn't hook out of volatility bands it did cross RSI on the first leg near 68
- TP 1 @ RSI hook into volatility bands @ 32 with RSI cross signal line
- Trade had every reason to become a swing trade with double top formations with divergence on the H1 and H4 time-frames.
- TP 2 @ 800 ema but when swinging you should go for more (3 * average daily range)
- Pair presented with double top off of YH with an easy entry @ 13 ema close (below)
- Although RSI didn't hook out of volatility bands it did cross RSI on the first leg near 68
- TP 1 @ RSI hook into volatility bands @ 32 with RSI cross signal line
- Trade had every reason to become a swing trade with double top formations with divergence on the H1 and H4 time-frames.
- TP 2 @ 800 ema but when swinging you should go for more (3 * average daily range)