GBPUSD- 09Dec2021
On the H4 timeframe, prices broke below the descending wedge but price action have not confirmed. With RSI indicating negative bullish divergence, there is high tendency of upside after the price bounce back into the wedge.
On the H1, Stochastic is also indicating negative bullish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4 timeframe, prices broke below the descending wedge but price action have not confirmed. With RSI indicating negative bullish divergence, there is high tendency of upside after the price bounce back into the wedge.
On the H1, Stochastic is also indicating negative bullish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.