Hi traders,
As you can see GBPUSD had enjoyed a decent rally over the last couple of days. The RSI is in the overbought territory on the 4h chart and the last 4h candle just created a perfect shooting star. All those signals a for a potential reversal. I will be looking to short from this position with a potential tp in the region of 1.31000 handle and manage from there on.
Good luck and trade safe!!
As you can see GBPUSD had enjoyed a decent rally over the last couple of days. The RSI is in the overbought territory on the 4h chart and the last 4h candle just created a perfect shooting star. All those signals a for a potential reversal. I will be looking to short from this position with a potential tp in the region of 1.31000 handle and manage from there on.
Good luck and trade safe!!
Comment:
Trade closed manually with 50 pips profit as seen another push up building.
Trade closed: target reached