EYE SPY... 3 BLACK CROWS
Updated
Weekly GBPUSD nearing an end for trading this week.
Analysis summary:
Candlestick patterns - 3 Black Crows on Weekly TF
Uptrend line broken through to the downside.
Bearish divergence evident on RSI 14 period
RSI crossing below 50 level mark indicating a downward momentum.
Open order(s):
Short at 1.3650
Not financial advise
For educational purposes only
Analysis summary:
Candlestick patterns - 3 Black Crows on Weekly TF
Uptrend line broken through to the downside.
Bearish divergence evident on RSI 14 period
RSI crossing below 50 level mark indicating a downward momentum.
Open order(s):
Short at 1.3650
Not financial advise
For educational purposes only
Note
Don't be surprised at the stalling around the .382 fib retracement area. We can expect a downward move in the very near future. Still sticking to original idea and still remain overall bearish. Happy trading folks.
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