Anyone else notice the bearish RSI divergence on GBPUSD H4 chart? 🤔 I'm seeing lower highs while RSI is making higher highs. Could this signal a potential trend reversal or at least a significant pullback soon? What are your thoughts on this setup? 🤔
Update: So about that bearish divergence I mentioned... I'm thinking of opening a small short position near 1.3520 with a tight SL around 1.3530. TP would be near the S1 pivot at 1.3500. 🤔 This is just a quick scalp, not a long-term investment. The overall trend is still bearish, imo, especially with the SMAs acting as resistance. Let's see if the bears can maintain control. 🐻 Waiting for a confirmation candle before pulling the trigger. 🚀
