Yesterday was UK Elections. I didn’t trade yesterday due to two reasons. FBI Director Comey was scheduled to testify before US Senate. Depending on his testimony analysts were expecting a volatile day for US Dollar. Last time when President Trump fired FBI Director Comey, USD fell down. Point difference between Conservatives and Labor has narrowed… Continue reading GBPUSD Falls 300 Pip On UK Election
Tag: gbpusd
GBPUSD Is Showing Strong Bearish Divergence On Daily Chart
GBPUSD rallied around 300 pips on Conservative Party win in UK elections. But it seems a strong bearish divergence pattern is in the forming on the Daily Chart. Take a look at the following screenshot. You can see the while bearish candle. This daily candle has not closed yet. When it closes and it is… Continue reading GBPUSD Is Showing Strong Bearish Divergence On Daily Chart