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URIFX
Feb 20, 2015 4:27 AM

GBPUSD: Retest The Valid Median Line Short

British Pound/U.S. DollarFXCM

Description

Signal Notes:
(1) => Price jumped over the bear ML (red line). I like this! This confirmed a valid ML.
(2) => Price failed to bull over the bull ML (blue line).
(3) => If bear ML was valid, the price should test the ML at (3).

Support Indicators:
RSI14: Divergence.
Stoch14: Over buy.

P/S: This chart was inspired from chart of Timing is key @ tradingview.com/v/71VHoZ2M/
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