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D_Market_Outlook

NEGATIVE Interest Rate possible for GBP? GBP WEAK?!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
D_Market_Outlook Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis GBP
3
0
trendanalysis indicator beyondta gbpusd gbpusdshort gbpusdanalysis gbp
1. EMAs are showing a strong downtrend
2. Price action shows rejection from trendline
3. Lower low being formed
4. Fundamentals point towards weaker GBP

* RR is not Ideal, do make sure you lower position sizing.
Comment:
if candle closes red on the 4 hourly there will be added confluence to our short setup.
Comment:
Might been concerned on the RSI bullish divergence, however when we look to the daily time frame, we can see RSI decreasing steadily, thus we hold this position.
Comment:
We can take profit and move stop loss to breakeven
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