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Valesco_Trading_Group
Sep 20, 2017 6:51 PM

#GBPUSD hits the channel resistance Short

British Pound/U.S. DollarFXCM

Description

Hello fellow traders and investors,

GBPUSD made a double top with a massive rejection so far on the 4H timeframe. This double top with a higher high contradicts with the indicator, the indicator made a lower high which shows a bearish divergence. We think it's worth the risk to short this pair untill the channel support, with a proper risk management.

Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair, feel free to contact us.

Regards, ValescoTradingGroup
Comments
ajschmidt100
@Valesco_Trading_Group, thanks for the shared idea! It's working nicely.
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