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ParkdaleCapitalManagement

GBP/USD SHORT

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
ParkdaleCapitalManagement  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis gpbusd gpbusdshort cable renko heikenashi Relative Strength Index (RSI) Bearish Patterns Forex
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trendanalysis indicator beyondta gpbusd gpbusdshort cable renko heikenashi relativestrengthindex bearish forex
Good day,

The GBP/USD cross is offering a sell signal this evening.

Signal:
- Double top
- RSI breakdown
- MACD bearing divergence

Note:
- Protect pips if there is a flurry of activity around the Haiken Ashi (smoothed) line

Potential Drivers:
- Pound selling due to political activity
- Risk off flows bidding up the dollar / pushing down the Pound

All the best,

AL
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