GBP/USD SHORT

19 Eki 2015

Hello, I am sure many of you are watching Cable. Here's what I see and my reason for a short.

• Bearish Divergence on Daily Time frame
  Bearish Divergence on 1hr time
  Double Top on 4H time frame holding at a bearish downtrend.
  Also, to note the USD index appears to be moving upward, which would bring this pair down.
  
  I believe Cable has a possibility of going long, so I am prepared to be stopped out about the 4h trend and look to enter a long position if this happens, but I am biased for another leg downwards to at least 1.536 area and most likely lower to resistance level near 1.52.
  
  For the trade look for a break of the dotted trend line, then wait for it to retest to fail. Enter and collect pips :)
  
  *I am not giving away signals, this is just for my trading journal.
  

19 Eki 2015

Not

Here is the Bearish Divergence on 1HR


Daily


4HR double top


Entry Zone

19 Eki 2015

Not

....And USDindex. I grabbed this chart from anilmangal