GBPUSD: Possible Reversal Signals from Resistance Zones
2019-12-08 22:52:52
This is another market for adding to a watchlist.
The price reached 1.31650 resistance. The bearish candle and RSI confirm a price reversal. If so, we can search for sell opportunities using the 4H, 1H, and lower timeframes.
If the price breaks the resistance, there will be a space for an upward movement. The higher resistance at 1.33500 will be able to provide us better sell opportunities.
As the market made the upward movement, buying is not a good idea. I will wait for reversal signals and open short trades.