GBPUSD (4H) Update Short

British Pound/U.S. DollarFXCM

Description

⋅ Jun 3, 2020 11:54 AM

. 200 and 50 day SMA crossover soon
. Indication of a price reversal
. Second confirmation: OBV divergence
. Double top on 15min time-frame
. News could have effect on price action however supply zone is on site and resistance remains strong

Comment

⋅ Jun 3, 2020 11:56 AM

Wick rejections on 4H time-frame

Comment

⋅ Jun 3, 2020 5:50 PM

Price is consolidating at crossover

Trade closed: target reached

⋅ Jun 6, 2020 1:06 AM

Price went down to 1.25 before reversal.