GBP Short
The market was overbought between April 25th - May 1st within a downtrend daily chart.
This overshot the price above the trend line (blue) so this can indicate a bull trap and market might encounter sell off in the next move.
Bearish signals
Red circle shows a strong bearish engulfing pattern with a significant lower low. Short term support-resistant is within 1.30120 - 1.29793
Short term trade with risk to reward ratio of 3.05
This overshot the price above the trend line (blue) so this can indicate a bull trap and market might encounter sell off in the next move.
Bearish signals
Red circle shows a strong bearish engulfing pattern with a significant lower low. Short term support-resistant is within 1.30120 - 1.29793
Short term trade with risk to reward ratio of 3.05
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.