Awaiting GBPUSD entry on weekly bearish signal
This pair made a relative high two weeks ago and we are now continuing in the second week of a sell-off. However, this trade is still waiting to take place. given the current moving average consolidation and acceleration away from the averages, the momentum is picking up. However, over on the lower time frame, I do not have a clear opportunity to take a short position. Please see the next published idea for my lower time frame observation.
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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.