Chart of the day! GBPUSD looking for a short.
Currently sitting on a double top of 1.5767 and starting to test the fib zones around 1.5705. If this is breached we should see a gradual downtrend formation from 1.5705 down to 1.5542 - I've been also checking out the True Strength Index and seems to be helping me find a solid entry point on larger time frames for a day or two positioning.
Though.. with the current support of 1.5720-1.5760 we should start seeing some strong movement this evening (I'm in Canada) which should trigger a few stops on these fib zones.
Speculating this call, haven't done much fundamental research lately so maybe you could touch me up with it if any of you want!
Though.. with the current support of 1.5720-1.5760 we should start seeing some strong movement this evening (I'm in Canada) which should trigger a few stops on these fib zones.
Speculating this call, haven't done much fundamental research lately so maybe you could touch me up with it if any of you want!
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