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.