1. Strong pin bar on H4 at major key level. 2. RSI divergence suggesting a trend reersal. 3. GBP pairs are generally overbought and are at major key levels.
1. Strong pin bar at major key level previous day, signalling price rejection. 2. Anticipating the second rejection at major level to form a double bottom on H4.
1. Two pin bars on the daily timeframe indicating price rejections at key level. 2. RSI divergence indicating trend reversal.
1. Clear and confirmed double bottom at key price level. 2. Nice pin bar at the second leg of the double bottom confirming price rejection. 3. Clear RSI divergence confirming reversal.