BEARISH GBPUSD 4 Hour; Price break and close below support
Nov 9 2015: BEARISH GBPUSD 4 Hour; Price break and close below support
(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 close below SR zone
4. RSI oversold
5. Price bouncing at down channel mid point
NOTE: Wait for price action to confirm the importance of this level.
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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 close below SR zone
4. RSI oversold
5. Price bouncing at down channel mid point
NOTE: Wait for price action to confirm the importance of this level.
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!
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