The GBP is quite expensive for the moment, we expect a big pullback for the next week, 4 main signals sustain our idea:
1) the price is close to a historic maximum
2)The price is close to a Fib Retracement line
3)The ADX is above 60!,wich means that the trend is more likely to be over.
4) The stochastic oscilator is on the overbought zone.
Sell short at market price, and take your profit, when the stochastic oscilator spots the oversold zone.
TF WIZARDS KNOWS BEST.
1) the price is close to a historic maximum
2)The price is close to a Fib Retracement line
3)The ADX is above 60!,wich means that the trend is more likely to be over.
4) The stochastic oscilator is on the overbought zone.
Sell short at market price, and take your profit, when the stochastic oscilator spots the oversold zone.
TF WIZARDS KNOWS BEST.