NEGATIVE Interest Rate possible for GBP? GBP WEAK?!
1. EMAs are showing a strong downtrend
2. Price action shows rejection from trendline
3. Lower low being formed
4. Fundamentals point towards weaker GBP
* RR is not Ideal, do make sure you lower position sizing.
2. Price action shows rejection from trendline
3. Lower low being formed
4. Fundamentals point towards weaker GBP
* RR is not Ideal, do make sure you lower position sizing.
Note
if candle closes red on the 4 hourly there will be added confluence to our short setup.Note
Might been concerned on the RSI bullish divergence, however when we look to the daily time frame, we can see RSI decreasing steadily, thus we hold this position.Note
We can take profit and move stop loss to breakeven
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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.
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.