On the 4 hour chart there was divergence between price and the RSI
. The price did not broke the down-going trendline
which was formed from 24 august 2015. Now the up-going trendline
from 21 april
2016 is broken. The price is now making lower lows and lower highs on the 4 hour chart. so Risk reward is good enough for me to short the GBPAUD
I'm just starting with publishing so every comment is welcome. I have a lot to learn.
I also will make an other publish later on a weekly of a cup and handle
pattern that is formedon the GBPAUD
. which will be a long position offcourse.
Make your own tradingplan, I'm not responsible for your own decisions.