Avril_Forex

GBP/USD Decrease?

做空
FX:GBPUSD   英镑/美元
Hello friends

Last week with the US news, we saw a strong upward movement
By checking the chart in:

Monthly time frame:
- The price moved up from the strong support level with the formation of a doji candle, with a relatively strong bullish candle
And now it is at a resistance level
- Stoch RSI; Above 80 (although in Metatrader, it is below 50 and tends to rise}
- RSI; In the range of 50
- MACD; Close to zero, and the signal has not decreased
- MA; It is on the 20 range, and has hit 50

Weekly time frame:
- Relatively strong bullish candle, with a long shadow above
- Stoch RSI; Above 80 and tending to decline
- RSI; Close to 50, tending to climb
- MACD; range in positive
- MA; on the 20, 50 and 100 ranges, and has hit but not broken the 200

Daily time frame:
- Relatively strong bearish candle
- Stoch RSI; with divergence and downward tendency
- RSI; Divergence and tendency to decline
- MACD; Divergence
- MA; Price above 200

4H time frame:
- Stoch RSI; Close to 50 and tend to decline
- RSI; Above 50
- MACD; Tendency to descend
- MA; Dealing with 20, and above 50, 100 and 200

And smaller time frames tend to converge and go up

Next week, I think, the price will trend down with a short-term increase in the beginning of the week

* Anyway, I am waiting for the start of trading and getting confirmation to open the position
** Don't forget stop loss (without money, we have no power to trade)

Be profitable

Thank you for expressing your opinion with likes and comments

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