GBP/USD - Selling climax and sell trap !!! Sellers careful !!!
I saw massive selling climax in ultra high volume in the background. This is a sign that smart money exited their short positions. I found the fake breakout of the low, which is a classic manoeuvre by market markets to trap the crowd.
Watch for buying opportunities. TP set at 1.3970.
Watch for buying opportunities. TP set at 1.3970.
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Related publications
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.