Divergence with MACD in GBPUSD 4h Short

British Pound/U.S. DollarFXCM

Description

⋅ Nov 17, 2020 6:24 PM

Divergence between the price of the GBPUSD and the MACD indicator near the Resistance at 1.32690. If it's rejected again, I think the price will look for the 200 period MA.

My strategy:
Risk/Profit Ratio: 1:3.38
SELL LIMIT 1.3269
TP 1.30500
SL 1.33000