GBPUSD - LH/LL & Reversal - Short
GBPUSD - LH/LL & Reversal - Short
I've entered a short position on GBP\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes.
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
I've entered a short position on GBP\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes.
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish