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orvilleawright

BEARISH GBPUSD 4 Hour; Price break and close below support

Panjang
Paun British / Dolar A.S. (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   Paun British / Dolar A.S.
GBPUSD 4hourschart orville wright Bearish Patterns SELL short Descending Channel Ascending Channel support Support and Resistance price-action rsi_oversold
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gbpusd 4hourschart orville wright bearish sell short descendingchannel ascendingchannel support supportandresistance price-action rsi_oversold
Nov 9 2015: BEARISH GBPUSD 4 Hour; Price break and close below support
(Analysis Based on 4 hour chart)

Observations
1. Price re-enters long term down channel;
2. Price has broken short term up channel
3. Price close below SR zone
4. RSI oversold
5. Price bouncing at down channel mid point

NOTE: Wait for price action to confirm the importance of this level.

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Penafian

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