GBPUSD 1/9/2020 (High probability entry)
GBPUSDHave a good stop loss of min 50pips .
Supply zone, from price of 1.35, bull will start to get weaker as there are no sense of how much higher can the pair go.
Back last year during boris johnson majority win, the pair was overbought into the 1.35 territory and quickly retreated.
RSI on oversold levels.
Expect to see new bears entering from this range, with bull taking profit.
Note
Positive 100+ pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.