- I still believe The British Pound will continue short.
We have some news this week that will be affecting GBPUSD as well.
I will be waiting for the retest of the new resistance area before I take the short entry.
If it does for some reason turn long, I'll wait for a retest of the previous support for a long entry.
Note
We are also trending short.We have too huge wicks pointing to take a short trade.
There is divergence with the On Balance Volume Indicator, pointing to the short side.
Note
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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.