💡 GBPUSD: Wait to sell at the reversal signal

2023년 11월 28일

➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong.

However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation.

✔️ So with this currency pair, you should first monitor the price action around the current area. If the price forms a strong reversal signal, you can consider selling.

In case the price continues to rise and breaks the current resistance, we will continue to buy.