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Sarkiifx
May 12, 2021 10:07 AM

GBPUSD - HEAD AND SHOULDER AND RSI DIVERGENCE Short

British Pound/U.S. DollarFXCM

Description

CLEAR TO SAY THAT THI IS NOT A FINANCIAL ADVICE - KEEP IN MIND

THIS IS A GAME OF PROBABILITY

In this situation, we currently have on GPBUSD is quite well explained as the touch of the trend channel and at the same time near the last previous high.

Usually at every end of a trend or a reversal divergence occurred, with this in mind we will wait for the completion of a head and shoulder pattern

and break off its neckline before we can get a potential short the market to the downside.
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