GBPUSD is set to reverse!!!
Updated
Hi traders,
As you can see GBPUSD had enjoyed a decent rally over the last couple of days. The RSI is in the overbought territory on the 4h chart and the last 4h candle just created a perfect shooting star. All those signals a for a potential reversal. I will be looking to short from this position with a potential tp in the region of 1.31000 handle and manage from there on.
Good luck and trade safe!!
As you can see GBPUSD had enjoyed a decent rally over the last couple of days. The RSI is in the overbought territory on the 4h chart and the last 4h candle just created a perfect shooting star. All those signals a for a potential reversal. I will be looking to short from this position with a potential tp in the region of 1.31000 handle and manage from there on.
Good luck and trade safe!!
Note
Trade closed manually with 50 pips profit as seen another push up building.Trade closed: target reached
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