I've changed my mind on GBPUSD upon seeing this star print wicking through resistance shows short pressure coming in.
The wick also tags the 0.618 of the previous wave so its an obvious reversal point.
Also RSI popped up fast also to a common reversal point.
What is happening here I think is GBPUSD is falling into the abyss. Trend channels don't go on forever and momentum is picking up into the bear market.
I have re-opened my short and anything above the wick invalidates and I will revert to my previous idea.
Not advice.
The wick also tags the 0.618 of the previous wave so its an obvious reversal point.
Also RSI popped up fast also to a common reversal point.
What is happening here I think is GBPUSD is falling into the abyss. Trend channels don't go on forever and momentum is picking up into the bear market.
I have re-opened my short and anything above the wick invalidates and I will revert to my previous idea.
Not advice.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
