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Mayfair_Ventures
Feb 23, 2020 11:53 AM

Long Position GBPUSD - Diveregence on the daily Long

Australian Dollar/U.S. DollarFXCM

Description

Looking for divergence in the charts, spotted a long for GBPUSD on the daily timeframe. With a bearish divergence on the 4hr. So waiting to see some pullback first on the market open before a long position, entry above the previous day high.

30 - 50 pips before market will come back down.

The overall bias here is bearish - this is a quick little trade.

Trade closed: stop reached

Loss on this trade
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