GBPUSD is a sellers market right now!
- Daily overall trend is bullish and market seems to be going through major correction
- Zoom in to H4 and you will find that the market is still showing bearish signs
- However zoom in to H1, you will see price forming a possible wammie with RSI divergence
As the saying goes, sell in a sellers market and buy in a buyers market.
We are seeing consolidation between two plotted Fibonacci levels.
What we want here is a buy setup. Price could possibly for signals for this setups at any time. We just need to wait.
- Daily overall trend is bullish and market seems to be going through major correction
- Zoom in to H4 and you will find that the market is still showing bearish signs
- However zoom in to H1, you will see price forming a possible wammie with RSI divergence
As the saying goes, sell in a sellers market and buy in a buyers market.
We are seeing consolidation between two plotted Fibonacci levels.
What we want here is a buy setup. Price could possibly for signals for this setups at any time. We just need to wait.