The GBP is currently showing signs of weakness as it approaches a key resistance zone. Price action suggests a potential bearish reversal, with lower highs forming and momentum indicators signaling exhaustion. A rejection from this level could lead to a continuation of the downtrend. Traders may look for short opportunities upon confirmation of a breakdown below support, with potential targets at previous swing lows.
Key Points:
Price testing major resistance zone.
Bearish candlestick patterns visible.
Momentum divergence / overbought RSI (if applicable).
Potential short entry on breakdown with tight risk management.
This is just idea not financial advice
Key Points:
Price testing major resistance zone.
Bearish candlestick patterns visible.
Momentum divergence / overbought RSI (if applicable).
Potential short entry on breakdown with tight risk management.
This is just idea not financial advice
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免責聲明
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