TheAlcoveFx
Short

AB=CD with Divergence and Fib Confluence SHORT GBP/USD

FX:GBPUSD   British Pound/U.S. Dollar
a year ago
Hey traders,

This is a potential Short opportunity on the GBP/USD             with some good indications that price action might reverse, and if it doesnt risk is minimal anyways. So how do we count this as a high probability? Well, First, we have a AB=CD harmonic Move completion, then we have a Double top with RSI divergence on the H4, we also have a 1.414 and 1.618 confluence of two impulse legs. The RSI also had gone overbought at the first test of Resistance. To top everything off, We have Major Resistance looking left on the chart. So only take it if it matches with your rules, and the strategy you follow. This is meant more to be an idea of the principles of how we teach here, and how we can put that together to bring high probability set ups.

Like always if you have any questions, comment below, follow us on social media !

Follow us on Instagram: @thealcovefx
Follow us on Periscope: @thealcovefx
Follow us on Youtube: https://www.youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
a year ago
Comment: Targets 1 Complete
a year ago
Comment: Targets 2 Complete
Free Forex Training Videos:
http://thealcovefx.com.pages.ontraport.net/forexinsderview-signupforfreetraining

Follow us on Youtube: https://www.youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out