FX:GBPUSD   British Pound/U.S. Dollar
121 0 3
Hello, I am sure many of you are watching Cable. Here's what I see and my reason for a short.
  • Bearish Divergence on Daily Time frame
    Bearish Divergence on 1hr time
    Double Top on 4H time frame holding at a bearish downtrend.
    Also, to note the USD index appears to be moving upward, which would bring this pair down.

    I believe Cable has a possibility of going long, so I am prepared to be stopped out about the 4h trend and look to enter a long position if this happens, but I am biased for another leg downwards to at least 1.536 area and most likely lower to resistance level near 1.52.

    For the trade look for a break of the dotted trend line , then wait for it to retest to fail. Enter and collect pips :)

    *I am not giving away signals, this is just for my trading journal.
Comment: Here is the Bearish Divergence on 1HR
snapshot


Daily
snapshot


4HR double top
snapshot


Entry Zone
snapshot
Comment: ....And USDindex. I grabbed this chart from anilmangal
snapshot
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out