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Niverto
Mar 30, 2016 8:48 PM

BREAKOUT SELL WITH RSI OVERBOUGHT AND FIBONNACI CONFLUENCES Short

British Pound/U.S. DollarFXCM

Description

Hi traders,

Nice SELL opportunity with Fibonnaci confluences and previous structure resistance respected at 1.4380's.
We can note the RSI overbought and market tested the above downtrend resistance with a nice sell price action i.e 4H bearish rejection candle.

I will prefer to wait for the breakout of the rejection candle for my entry.

Good trading!

Trade closed: target reached

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