TheAlcoveFx
Short

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

FX:GBPUSD   British Pound/U.S. Dollar
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.

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