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RaynLim
Dec 4, 2022 4:17 PM

GBPUSD-Weekly Market Analysis-Dec22,Wk1 Short

British Pound/U.S. DollarFXCM

Description

The simplest-looking analysis often is the toughest to plot. I'm waiting for shorting opportunity as early as the market open.

One thing to take note, make sure the market didn't gap up and close higher than 1.2311 for this to be a valid trading idea.

An RSI Divergence did help to give me the push to look for a shorting opportunity on the 1-hourly chart that coincides with the Daily Chart key resistance level.
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