EURGBP

18 нояб. 2019 г.

RSI is oversold in two major timeframes(D & 4H). We're seeing an increasingly ranging market as we approach a very strong resistance level in the near future. However, the market has a strong bearish trend which I would expect to at least reach the resistance level. We're also seeing some divergences on the 4H which could imply the bears weakening. Go in now for a short sell and then buy at the resistance or when the price crosses the 50 MA. Target for the sell would be the resistance while the long trade should infer the strength of the bulls and possibly exit at the .236 or the support level.