GBPUSD is presenting a very decent short setup at the moment.
Price has hit the top of the channel, with a loss in momentum, forming a divergence in RSI.
We have a confluence in the Fib extension ratios too.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Price has hit the top of the channel, with a loss in momentum, forming a divergence in RSI.
We have a confluence in the Fib extension ratios too.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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Potential short term breakout entry
