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Stone_Haven

💡 GBPUSD: Wait to sell at the reversal signal

Corto
Libra esterlina/Dólar estadounidense (OANDA:GBPUSD)  
Stone_Haven  
OANDA:GBPUSD   Libra esterlina/Dólar estadounidense
Trend Analysis Technical Indicators Fundamental Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal Trend Line Break trendtrading tradingview signals Forex
3
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trendanalysis indicator fundamental gbpusd gbpusdshort gbpusdanalysis gbpusdsignal trendlinebreak trendtrading tradingview signals forex
➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong.

However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation.

✔️ So with this currency pair, you should first monitor the price action around the current area. If the price forms a strong reversal signal, you can consider selling.

In case the price continues to rise and breaks the current resistance, we will continue to buy.

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