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ProFX_Strategist
May 30, 2016 7:59 PM

Possible Pullback Short

British Pound/U.S. DollarFXCM

Description

Hi traders, it is likely that there is going to be a pullback...;

The Ichimoku bright-green MA has just started crossing below the bright-red MA (as you can see)... (Bearish signal...) Also note the magenta color arrow pointing down (suggesting a sell signal)...

The MACD/AO indicator could begin printing some negative divergence downwards...

The RSI is currently around its neutrality level of 50 (not in overbought nor oversold condition yet)...

Note the somewhat thick cloud-resistances below the price... (Price may hit it & rebound...)

*I modified the Ichimoku indicator (to make it look more like how it looks on my actual trading platform).

Best regards.
Trade safe.
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