Hi guys, I'm very new to fx trading but spending time to actually shift to this era. Fx looks to suit me more than stocks. Been trying a handful of strategy and really like this simple approach one. I just entered short on GBP/USD today and would like to share the TA behind my decision.
Daily HA candles turning red with divergence on MACD and overbought area on Stochastic. Looks more likely to drop to that resistance line and then drop lower to break the rising wedge. That resistance line has been revisited 5-6 times now so look very solid.
Hope this can contribute something to this cool thread. More open to discuss on any faults here. Cheers guys!
