dRends35

GBPUSD - Bounce Retracement

dRends35 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD looks to be reversing here.

  • Spinning top reversal on lower channel trendline.

  • Price breaking through downward trendline, finding support and now bouncing from TL.

  • Bullish divergence.

  • DXY probably reversing also.

I'll be interested to short this again in the RSI 60-70 area where 3 previous peaks have reversed if it gets there.

Not advice.
Comment:
Bit early on this one.
Comment:
Stoppit come back ☹️☹️☹️


I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐

Priority trades, round the clock updates and 4+ hours technical video per month😼.

$50 per month 👍🏻.

Contact: t.me/dRends35
Disclaimer

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.