Potential bearish butterfly on GBPUSD
This recent bullish move could potentially have overextended, leading us into the 1.3000 level.
At such a psychological level with its whole number, there could potentially be a lot of sellers around that area. In addition to that, we have massive structure looking left and also a potential bearish bat formation in that area.
Conservative traders should wait for RSI to go OB with a possible divergence.
At such a psychological level with its whole number, there could potentially be a lot of sellers around that area. In addition to that, we have massive structure looking left and also a potential bearish bat formation in that area.
Conservative traders should wait for RSI to go OB with a possible divergence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.