PriceActionTrading
Short

GBPUSD SUPPORT TURNED RESISTANCE?

FX:GBPUSD   British Pound / U.S. Dollar
61 2 2
The trade we all dream of entering, in retrospect that is.
Take it or leave it guys.
Analysis are all there.
Take note especially the H4 RSI divergence.
Wait for favourable H4 bearish pin bar engulfing bars.

Support broken turned into resistance?
bearish engulfing formed on D1.
look towards H4 for further confirmation of retracement onto 1.548 region with rejection bias.
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price broke and closed above 1.55 easily.
trade invalidated on the D1 level. look out for this week close (whether above or below 1.55) before considering this trade.
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