JayanVarsani

GBP/USD - SHORT-TERM BOUNCE | RSI DIVERGENCE / 61.8 FIBONACCI

Short
JayanVarsani Zaktualizowano   
FX:GBPUSD   Funt Brytyjski/Dolar USA
GBP/USD is bearish and will continue to be so until factors indicate otherwise. I see a short-term bounce which serve as a correction as the overall trend is negative.


  • 2H Bearish RSI Divergence
  • 61.8 Fibonacci Level reached
  • Strong historic, proven support level


CONSIDERATION: As linked below or via my ideas, GBP/USD may act in a way which will fulfil a head & shoulders pattern. This may weaken the short-term bounce or perhaps even negate it.

VERDICT: Still net bearish with an expected short-term bounce. Magnitude of said bounce to be in accordance with either the fibonacci retracement level, near proximity overhead resistance or full fulfilment of the head & shoulders formation may indicate no bounce at all.

DISCLAIMER: Take this trade with caution and don't be greedy with the target due to the nature of GBP/USD during this time. Otherwise await the bounce and short the trend when reasonable.
Zlecenie aktywne
Komentarz:
Watching the 90MA for potential take profit and to open a short.

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.