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ForexGoldenBoy
May 7, 2023 7:04 AM

GBPUSD : Bearish divergence  Short

British Pound/U.S. DollarFXCM

Description

On the same resistance level
Prices form an ascending triangle
The RSI is forming a descending triangle
There is a bearish divergence on the RSI
This is a bearish reversal pattern
Prices could in the short to medium term move lower
It may just be a matter of timing

This scenario is not an investment advice
A failure of the scenario is highly possible
Do not copy it, or you risk losing your money

Trade closed: target reached

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