GBP/USD - Down side profit opportunities
Given the currency is currently under the 200EMA, the level of price indicates a crucial level of price. The size and quantity of red candles indicates a strong push to the down side. With levels and this prices in previous times also reacted. Anticipate many retail traders to take profits off the table.... Just an anticipated idea....
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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.