BEARISH GBPUSD 4 Hour;Price stalling at resistance
Nov 16 2015: BEARISH GBPUSD 4 Hour;Price stalling at resistance
(Analysis Based on 4 hour chart)
Observations
1. Price re-enters long term down channel;
2. Price has broken short term up channel
3. Price made new lower low
4. RSI overbought at swing high
NOTE: Wait for price action to confirm the importance of this level. Price is stalling at resistance. Look for selling opportunities.
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(Analysis Based on 4 hour chart)
Observations
1. Price re-enters long term down channel;
2. Price has broken short term up channel
3. Price made new lower low
4. RSI overbought at swing high
NOTE: Wait for price action to confirm the importance of this level. Price is stalling at resistance. Look for selling opportunities.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
