GBPUSD, Retest 4h Resistance
TP1 @ 4Hr Trendline
TP2 @ -27 on 4HR FIB (1.3690)
MONTHLY: I see that price was in a downtrend but broke through for the buy. On the weekly, price is in an uptrend, respecting the lows.
DAILY: I see that price was in an uptrend, retraced to 38.2 on the daily fib, then hit -27 and reversed to break trendline for the sell. The RSI is showing bearish divergence
4HR: I see that price was in a downtrend and has been consolidating on the monthly key level. The RSI is showing bullish divergence
TP1 @ 4Hr Trendline
TP2 @ -27 on 4HR FIB (1.3690)
MONTHLY: I see that price was in a downtrend but broke through for the buy. On the weekly, price is in an uptrend, respecting the lows.
DAILY: I see that price was in an uptrend, retraced to 38.2 on the daily fib, then hit -27 and reversed to break trendline for the sell. The RSI is showing bearish divergence
4HR: I see that price was in a downtrend and has been consolidating on the monthly key level. The RSI is showing bullish divergence
Trade closed: target reached