G6 FUTURES/GBPUSD Ascending Wedge Short Setup
Updated
As we can see, price created ascending wedge short setup, there is also SOT formation which informing us that buyers are getting weak.. at 12 it was a large volume on the market so it was a signal that smart money are getting off and distribution is coming.. Sell a break of bottom trendline. I am expecting price will drop to first demand level around 1.2360 or 1.23250 on forex. Good Luck
Comment
Coming to the 0.5 fib area, poc and resistance from yesterday, you can wait for a large volume on the wick as a confirmationDisclaimer
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