Get started
bigdaddydivi

25/08/21 Anlaysis - Short at previous daily resistance

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
bigdaddydivi  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Fundamental Analysis Technical Indicators Trend Analysis GBPUSD DIVI short
1
0
fundamental indicator trendanalysis gbpusd divi short
On the daily timeframe we can see price is failed to break the previous daily swing high. On 4H, 1H time frame we also see this is an area of previous resistance. Pressure is still bearish to me, unless price breaks resistance, then trade is void and we adapt to buy, resistance now becomes support and we buy to next resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.