Potential Bullish Reversal GBPUSD, Shorts
Gbp Usd in daily chart geared towards a bullish reversal, - a bear market.
The bullish evidence that's in there I call it 'fundamental setups', -but, I do technical -the strong bearish wick next to the current bull candle makes it for bearish interests and price 1.24000 is a supply zone.
Bears have a potential to push price all the way down to price 0.89049. But with our set-ups, you also cater for price reversals hence...Setup will be invalid if bulls break secured high 1.26000.
*Setup influenced by the RSI indicator.
:)
The bullish evidence that's in there I call it 'fundamental setups', -but, I do technical -the strong bearish wick next to the current bull candle makes it for bearish interests and price 1.24000 is a supply zone.
Bears have a potential to push price all the way down to price 0.89049. But with our set-ups, you also cater for price reversals hence...Setup will be invalid if bulls break secured high 1.26000.
*Setup influenced by the RSI indicator.
:)
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Much excitement over the Sterling, but how long will it last ?