Hello fellow traders and investors,
GBPUSD made a double top with a massive rejection so far on the 4H timeframe. This double top with a higher high contradicts with the indicator, the indicator made a lower high which shows a bearish divergence. We think it's worth the risk to short this pair untill the channel support, with a proper risk management.
Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair, feel free to contact us.
Regards, ValescoTradingGroup
GBPUSD made a double top with a massive rejection so far on the 4H timeframe. This double top with a higher high contradicts with the indicator, the indicator made a lower high which shows a bearish divergence. We think it's worth the risk to short this pair untill the channel support, with a proper risk management.
Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair, feel free to contact us.
Regards, ValescoTradingGroup