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Shivam_93

GBP/USD Short Setup

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Shivam_93  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Multiple Time Frame Analysis Parallel Channel Divergence Bearish Patterns overbought cableshort gbpusdshort
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supportandresistance mtfa parallelchannel divergence bearish overbought cableshort gbpusdshort
RSI bearish divergence illustrates price exhaustion, bearish reversal.
Strong resistance around 1.3000 psychological level .
Rejected 50 EMA on the daily timeframe.
Consolidation of price since reaching this upper end of the downwards parallel channel.
100 pips target 50 pips stop.
1:2 risk/reward.
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