DLavrov

GBPUSD Bearish Divergence

Short
FX:GBPUSD   British Pound / U.S. Dollar
Price diverged with RSI and MACD and it gave us sell opportunity. The 1st entry level could be below MA20 (red line) but if you missed this trade, the new entry level is below the low of the previous bearish candle. Stop orders for both short trades must be placed above 1.30000 level. Profit target is at MA100 (yellow line) or we can use trailing stop orders for exit.

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