GBP/USD: Price rebound on resistance and Falling Down ! SHORT
As explained yesterday
the price after the CPI release news had in a first moment Big Bullish candle, absorbed and then the retested again the Dynamic resistance given from the Bearish channel inside the 50 / 61.8% Fibo levels and Resistance area ( White rectangle ) before definitely dropdown. The Stochastic it's a comeback in the range area after the Overbought area, ( note the Divergence ) meanwhile, the RSI Turned Bearish today in the H12 timeframe.
In the lower timeframe, on the Right of the chart, we can see a Double Top formation with divergence and Overbought by the RSI.
Yesterday we show this opportunity and today the price dropped down following our Idea of the forecast.
the price after the CPI release news had in a first moment Big Bullish candle, absorbed and then the retested again the Dynamic resistance given from the Bearish channel inside the 50 / 61.8% Fibo levels and Resistance area ( White rectangle ) before definitely dropdown. The Stochastic it's a comeback in the range area after the Overbought area, ( note the Divergence ) meanwhile, the RSI Turned Bearish today in the H12 timeframe.
In the lower timeframe, on the Right of the chart, we can see a Double Top formation with divergence and Overbought by the RSI.
Yesterday we show this opportunity and today the price dropped down following our Idea of the forecast.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.