Get started
FXMindTrix

GBPUSD Short Trade Setup - Hidden RSI Bearish Divergence

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FXMindTrix  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Supply and Demand forexanalysis forexsignal forextrading forexforecast forecast Divergence divergencetrading rsi_divergence gbpusdshort
0
0
trendanalysis supplyanddemand forexanalysis forexsignal forextrading forexforecast forecast divergence divergencetrading rsi_divergence gbpusdshort
It looks like the GPB/USD is going to continue its short term bearish trend. Therefore, I've just taken a short trading position on the currency pair after identifying a bearish RSI divergence trade setup followed by the formation of a price rejection candlestick with a 1:2 risk to reward ratio.

Let's see how this one will play out.

Cheers!

GBPUSD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.