GBPUSD keeps pushing higher but the recovery doesn't look very convincing. The daily candles are quite small compared to the average daily range during the downtrend which could indicate a change of trend very soon.
I am looking at the 1.2650-1.28 area as a Potential Reversal Zone(PRZ). A bearish daily candle in this zone could signal that the recovery has ended. If that happens, I will go short.
I am looking at the 1.2650-1.28 area as a Potential Reversal Zone(PRZ). A bearish daily candle in this zone could signal that the recovery has ended. If that happens, I will go short.
Yorum:
Big reversal from the PRZ
Yorum:
New idea
