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MichaelL200
Mar 17, 2024 8:39 PM

British Pound, Weekly, EQH -> EQL Short

British Pound/U.S. DollarFXCM

Description

The price has swept some liquidity above this year's equal highs while at the same time diverging with Euro both on HTF and MTF. The target for this move is EQL.

Comment

I changed my bias, because of another divergence - DXY swept a high, but EU and GU haven't swept highs.
Comments
TheFxAce
Your analysis provides a strong case for considering a short position in the current market.
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