GBP is one of the weakest currencies and we should see very soon reversal to the downside, because from the top, that we set in June, we got nice leading diagnoal (falling wedge as a 1st wave in downtrend cycle). If you enter SHORT now, RRR is super big, but I am waiting for some confirmation, because USD is really weak right now, and this setup could be invalidated very soon, so I am waiting for my entry.
Trade ist aktiv:
I opened short at yesterday´s evening, so far it´s looking good, but now I would expect some big pullback, because RSI on lower time frames is way low and there are bunch of bullish divergences.
I opened short at yesterday´s evening, so far it´s looking good, but now I would expect some big pullback, because RSI on lower time frames is way low and there are bunch of bullish divergences.