Hi all,
Here we have the GBP/USD on a 4hr chart, as you can see there is a pattern starting to emerge as a falling wedge(red line), this could be a indication of a reversal.
The green box is a area of daily support.
There could possibly be another confirmation of the EMA crossing over - which could indicate a signal.
There is also a slight divergence on the RSI to the upside - which could indicate a signal.
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATION PURPOSES ONLY - ALL FEEDBACK IS WELCOMED **
Good luck and trade safe
L
Here we have the GBP/USD on a 4hr chart, as you can see there is a pattern starting to emerge as a falling wedge(red line), this could be a indication of a reversal.
The green box is a area of daily support.
There could possibly be another confirmation of the EMA crossing over - which could indicate a signal.
There is also a slight divergence on the RSI to the upside - which could indicate a signal.
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATION PURPOSES ONLY - ALL FEEDBACK IS WELCOMED **
Good luck and trade safe
L