USD has been constantly lagging behind most major pairs for a long time now. This is a counter-trend trade, hence if you decided to trade this, please be careful and risk only money which you can afford to lose.
I'm seeing a bearish divergence on RSI 14 on GBPUSD H4. We might get a pullback to 50% then go higher, or price might break aggressively past 50% and lower. Or neither happens and price just keep rallying... In the 2nd scenario, you can close half lot at 50% and trail your stop.
I'm seeing a bearish divergence on RSI 14 on GBPUSD H4. We might get a pullback to 50% then go higher, or price might break aggressively past 50% and lower. Or neither happens and price just keep rallying... In the 2nd scenario, you can close half lot at 50% and trail your stop.
Trade active
Trade closed: stop reached
Comment:
Price continue to rally on weak Dollar