FantasyFolio

Trade 4 - GBPUSD - Short

Short
FX:GBPUSD   British Pound / U.S. Dollar
Upon initial inspection of this chart on the daily TF i have spotted PA approaching a strong daily resistance. Coinciding with this upon analyzing daily RSI we see it has respected the 70 RSI level 4 times from the last 5 interactions. Upon further analysis we see bearish divergence on the 4hr TF, whilst on the 1hr TF we see momentum clearly stalling with buy pressure decreasing. Check notes
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