Friends, today on the currency pair GBP / USD the bullish trend was showing signs of fading, so I went short at the current price.
Factors indicating a possible corrective price decline.
one. Bearish divergence is formed on TF H1.
2. The price went out of balance, while the number of buyers decreased to 10%.
The main scenario on the four-hour chart looks like this:
Because if there is no bearish divergence or reversal pattern at TF H4, then the upward movement may continue. Therefore, I entered the market with only a quarter of the working volume and I plan to add to sales in case of price movement according to an alternative scenario. Another sale with 1 lot will be opened during testing of the “round level” of 1.4000.
All profitable trading and excellent mood!