British Pound / U.S. Dollar
Short
Updated

There might be a drop in the making

87
I have set up a 4 point break, if price action breaks all 4 points then prices will drop! We have other indications from other time frames telling us prices will drop! 123 has been formed! I can see macd negative divergence occurring, that's supporting a drop in prices! Price action found resistance at a pivot point level, only one way to go, and that's down, not up!
Note
I can see a head and shoulders formation that's supporting a drop in prices, confluence of events has occurred, we still wait for the breaks to get into a position!
Note
load up folks, were about to go
Note
Trading on pure technical analysis, nothing like it in the world !!!

Check out my next tech analysis trade soon!
Note
If you know that your Technical Analysis is solid, then there is nothing to worry about, prices may turn around for a minute or 2, but it will complete the task of its own rules, which is the currency market is driven and govern by Tech Analysis!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.