GBPAUD short
4hr time frame shows bearish rsi divergence at a resistance level. My only concern is how the 20 and 50ma are currently positioned. Could be a H&S forming at this level as well. Trade carefully and use proper RR. This is just my idea and not a signal.
Do not take divergence as a signal to enter a trade. Must have several other factors to add to the potential of the trade going your way. REMEMBER not entering a trade is a trade decision in itself.
Do not take divergence as a signal to enter a trade. Must have several other factors to add to the potential of the trade going your way. REMEMBER not entering a trade is a trade decision in itself.
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