TradeYodha
Short

#GBPUSD 4H Hour Short

FX:GBPUSD   British Pound / U.S. Dollar
@TradeYodha
TradeYodha.com

GBPUSD             4H Hour Short

1. Price action running in consolidation
2. ABCD pattern completes around 1.27 extension of AB ( harmonic move)
3. Butterfly Pattern completes in the same area
4. 200 SMA is close to the area of possible short
5. RSI is reaching overbought but wait for confirmation and overbought scenario

Plan your battle well in advance and win.

(Just my ideas, do you own analysis)
we are in the market at the moment. Waiting to see how markets plays this out.
Reply
Good call on the bear butterfly pattern
Reply
TradeYodha Siyabonga_Ngcobo
Thanks mate
Reply
possible double top coming
Reply
TradeYodha TradeYodha
divergence, double top and overbought conditions have arrived
Reply
could u plz explain how overbought confirmation can be identified ?
Reply
TradeYodha scorleoney
I use 7 period RSI with extreme levels of 80 and 20. If the RSI is over 80 is it is over bought and if it is below 20 it is oversold.
Reply
scorleoney TradeYodha
thank you. thank you very much...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out