$GBPUSD On its way to test old Cloud Chart (CC) support zones! GBP been bearish since the CC sell signal when it sliced past a major CC support zone in September. There been a few good AI Vol Breakout & Major Reversal swing trades in the current downtrend.
When GBP gets too far extended form the bottom end of the Cloud there opportunity for a retracement! Price action below the Cloud is overall bearish from a CC perspective.
Keeping an eye out for a potential rebound from those old CC support zones!

No comments:
Post a Comment