Going to be shorting GBPUSD on Monday; it had some stong momentum after all the talk of a soft brexit but it is time for a bit of a retracement. There is a consolidated resistance level which can be seen on the chart. Furthermore, the RSI indicator by @ChrisMoody shows that the pound is heavily overbought. I'm setting the stop loss just above the resistance.
Regards,
Sven
Regards,
Sven
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We also have a tweezer top which further confirms the resistance
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