Hello traders! Today I'm going to give you a trading opportunity for the GBPUSD pair. We are looking to sell this pair on bearish divergence. However, it hasn't been confirmed yet so we need to wait on Stochastic crossovers and MACD histogram signals to confirm it.

Hello traders! Today I'm going to give you a trading opportunity for the GBPUSD pair. Let’s check it out:

I am checking the GBPUSD pair and I found there is bearish divergence on hourly chart. The price is around strong resistance (1.5377) and we are looking to sell this pair. Check this out:

gbpusd

The thing is the Stochastic is still sloping upward and we don’t know yet if it will show bearish divergence or not, but the MACD histogram is showing divergence. So what we should do here is wait for the Stochastic crossover, or at least the MACD histogram to close lower.

  • Position: SELL (wait for confirmation)
  • SL & PT : around 1.5395 & 1.5315

Make sure you get confirmation before you enter the trade. Use proper risk management!

Happy trading
RICO FY