We have recently seen a massive dip in GBPUSD price, followed by a big increase in price, making GBPUSD very volatile, what I would expect after this big increase in price is a slight pullback to the next important support level .
I'd keep an eye out as this is quite the good short in my view, as we clearly have weakening volume and candles, and I would expect people to start closing their longs soon. A death cross will help confirm this.
Feel free to leave feedback and if you have any questions don't hesitate to contact me through discord or telegram linked in my signature.
Here's a longer term view of my resistances/support
cheers,
tonite
I'd keep an eye out as this is quite the good short in my view, as we clearly have weakening volume and candles, and I would expect people to start closing their longs soon. A death cross will help confirm this.
Feel free to leave feedback and if you have any questions don't hesitate to contact me through discord or telegram linked in my signature.
Here's a longer term view of my resistances/support
cheers,
tonite
Comment:
Due to uncertainty with Boris Johnston being admitted to the hospital, I have scaled down my position.