A selling climax often signals the end of a downward trend. As excessive selling pressure subsides, the market may be primed for a reversal. This occurs because weaker sellers have exited the market, leaving behind stronger buyers who can support the price.
My Strategy:
I'm currently seeking a buying opportunity in GBPUSD, specifically looking for a green candle to confirm a potential upward trend in a shorter timeframe.
My Strategy:
I'm currently seeking a buying opportunity in GBPUSD, specifically looking for a green candle to confirm a potential upward trend in a shorter timeframe.
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