NearDrowning
Short

GBPUSD Trend Change! +Trend strategy

FX:GBPUSD   British Pound/U.S. Dollar
579 3 20
This trading style is based on Divirgence. Like any other trading styles it has it's own weaknesses.

For Up Trend confirmations watch Stochastic divirgence. (Marked in cyan lines)
For Down Trend divirgence watch RSI , but before shorting make sure that Stochastic left overbought level. ( RSI divirgence marked in red)

Now price struggles to go up and RSI already shows divirgence. I will be waiting for confirmation to go short.
Brexit worries most likely will change the trend to the down side.

If you like my Idea please CLICK the LIKE button. THANKS!
Gorbie
6 months ago
Short to 1.36 area. Agree.
Reply
NearDrowning Gorbie
6 months ago
Nice, I'm not shorting yet. Not sure how it will go with the referendum.
Reply
Gorbie NearDrowning
6 months ago
Move technically
Reply
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