GBP/USD Structure Support on the 15 min and Daily Divergence

There is some divergence on the Daily chart. Which could lead to a change in the trend. On the 15 min price is entering into a previous consolidated range (yellow box.) I'm looking for price to reject the bottom part of the range at the .786 fib 1.3913. I would like to see price V-Bottom or see some other strong rejection around that area. Then I'm looking to take profits at the swing highs 1.3985 and 1.4035. Stops just below the 1.39 even handle.

Bình luận:

Price just blow through this level. On to the next opportunity.

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