GBPUSD Short
Reasons for bearish bias:
-Downtrend on weekly/monthly timeframe
-Breaking below 1.32100 level
-Multiple hourly candle rejections at retest of 1.32100 area
-Multiple rejections from above at EMA50
-Crossing of EMA50 & EMA14
-RSI divergence
-Break below daily pivot
-DXY uptrending
Confirmations to look for:
-Break & retest of local bullish trendline
-Break & retest of key level 1.31750
This is just idea, not trading advice, use at own risk.
-Downtrend on weekly/monthly timeframe
-Breaking below 1.32100 level
-Multiple hourly candle rejections at retest of 1.32100 area
-Multiple rejections from above at EMA50
-Crossing of EMA50 & EMA14
-RSI divergence
-Break below daily pivot
-DXY uptrending
Confirmations to look for:
-Break & retest of local bullish trendline
-Break & retest of key level 1.31750
This is just idea, not trading advice, use at own risk.
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