GBP is approaching a psychological level. Since it bacame overbought, there is a high potential for significant downmove. Any kind of weakness around 61.8 Fibo retracement level would be favoured to go short from here.
BUT! Do not remember, GBP is still strong, so the short setup needs a quality confirmation.
If youre interested in my trading style, you can watch my trading videos on YouTube: bit.ly/1b5inbP
BUT! Do not remember, GBP is still strong, so the short setup needs a quality confirmation.
If youre interested in my trading style, you can watch my trading videos on YouTube: bit.ly/1b5inbP
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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.