orvilleawright
Short

BEARISH GBPUSD 4 Hour;Price stalling at resistance

FX:GBPUSD   Pound Sterling/U.S. Dollar
Nov 16 2015: BEARISH GBPUSD             4 Hour;Price stalling at resistance
(Analysis Based on 4 hour chart)

Observations
1. Price re-enters long term down channel ;
2. Price has broken short term up channel
3. Price made new lower low
4. RSI overbought at swing high

NOTE: Wait for price action to confirm the importance of this level. Price is stalling at resistance. Look for selling opportunities.

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