NEGATIVE Interest Rate possible for GBP? GBP WEAK?!
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.
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.
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if candle closes red on the 4 hourly there will be added confluence to our short setup.
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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.
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We can take profit and move stop loss to breakeven