💡 GBPUSD: Wait to sell at the reversal signal
➡️ 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.
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.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.