GBPUSD : Counter trend shorting chance !
Hey Guys,
Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in Hourly GBPUSD, we can initiate short positions.
Hit Likes to support the idea...Thanks for your support !
Happy Trading !
Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in Hourly GBPUSD, we can initiate short positions.
Hit Likes to support the idea...Thanks for your support !
Happy Trading !
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