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CarlFX
Jul 18, 2019 1:56 PM

GBP USD short - 1 hr timeframe Short

British Pound/U.S. DollarFXCM

Description

1. As you can see we have a hidden bearish divergence on the 1hr timeframe

2. We have also hit a key resistance area signified by the plotted black line

3. We then have a bearish engulfing candle which adds more substance to taking the trade

4. Finally awaiting the entry signal of the rsi crossing the overbought band (60) in a downward direction
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