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ParkdaleCapitalManagement
Nov 5, 2019 1:50 AM

GBP/USD SHORT Short

British Pound / U.S. DollarFOREX.com

Description

Good day,

The GBP/USD cross is offering a sell signal this evening.

Signal:
- Double top
- RSI breakdown
- MACD bearing divergence

Note:
- Protect pips if there is a flurry of activity around the Haiken Ashi (smoothed) line

Potential Drivers:
- Pound selling due to political activity
- Risk off flows bidding up the dollar / pushing down the Pound

All the best,

AL
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