Hello Traders,
I'm expecting a short term downside for pound after reaching structure resistance around 1.4765. Price already started forming bearish candles on 4 hour with high volume. But I expect one more upthrust to 1.4765 area before going down.
The RSI is forming divergence on 4 hour and daily. Price most likely retest the bottom of the channel.
Good Luck!
I'm expecting a short term downside for pound after reaching structure resistance around 1.4765. Price already started forming bearish candles on 4 hour with high volume. But I expect one more upthrust to 1.4765 area before going down.
The RSI is forming divergence on 4 hour and daily. Price most likely retest the bottom of the channel.
Good Luck!