GBP/USD: Short Trend, Medium term consolidation with a triangle formation for short and short term short
Fake break above the diagonal resistance, as the price moved lower again below the diagonal line, which give us a possible signal for short.
Two equal bars at the high of the previous two bars - signal for short
Engulfing bar with the potential for short
CCI(50) below 0 - negative signal
RSI below 50 - negative signal
Fundamental analysis: The comments from FED chair Yellen Friday, increased the chances for sooner rate hike in the US, which will support the USD.
Stefan D. Angelov - Head of Stocks Trading
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