POTENTIAL SELLS ON GBPUSD
REASONS FOR THIS TRADE
- ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE.
- STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605
- EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382.
- EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.
- ON HIGHER TIMEFRAMES, CAN SEE CHANGE OF MOMENTUM/REVERSAL FROM BULLISH TO BEARISH. EXPECTING DOWNSIDE TO CONTINUE.
- STRONG SHORT TERM RESISTANCE REGION BETWEEN 1.38231 - 1.38605
- EXPECTING TO BOUNCE OFF THE TRENDLINE. IN CONFLUENCE WITH FIB LEVEL - 0.382.
- EXPECTING THE GBP TO WEAKEN IN THE COMING WEEKS.
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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.
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.