https://www.tradingview.com/x/MENa8z5A/ GBPUSD reached a major rising trend line. After a strong bullish movement, the market looks oversold and the formation of a bearish engulfing candle is a perfect indication of the local weakness of the buyers.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.