GBP/USD - BULL RUN LOSING MOMENTUM

We can see that the recent bull run is starting to run out of steam (Price Action + RSI Divergence serve as supporting evidence). In any case I wouldn't be entering the trade unless a flag forms, or some sort of consolidation followed by a breakout as further confirmation. Never enter a trade blindly just because of what you think will happen because as the great J. Livermore once stated - "the markets are never wrong, but opinions often are.." ..you can quote me on that one :)

Trade safe and execute your own due diligence before entering a trade.

Yorum:

expanding triangle?

Yorum:

or simply bullish flag?