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orvilleawright
Nov 13, 2015 1:44 PM

BEARISH GBPUSD 1 Hour; Down trend with RSI bearish hidden dive Short

British Pound/U.S. DollarFXCM

Description

Nov 12 2015: BEARISH GBPUSD 1 Hour; Down trend with RSI bearish hidden divergence

(Analysis Based on 1 hour chart)

Observations

1. Price in short term bearish channel;
2. Price at 4 hour SR zone
3. RSI overbought at swing high
4. RSI hidden divergence

NOTE: Wait for price action to confirm the importance of this level.

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