GBPUSD
I truly enjoyed selling this one for last few weeks after the price hit TL resistance in supply , weekly TF, and got sold almost to the bottom of the bullish channel. It comes tricky now, imo there is almost 200 pps range in which GBPUSD can trade, bounce and take many stops both ways. Also, it has high risk political profile. Anyway, I can say that I got bearish MACD divergence on weekly TF which means that bullish channel might get done here and my expectations are that price will break downside. In any condition I prefer short positioning, selling good highs.
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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.