sell quick gbpusd
Broke downside a rising wedge
Bullish momemtum was present till it go absorbed around 1.239 , for after breaking upside of the level and price not maintening the level to go back under it. We can see on the 4 hours that absorption of demand was happening around 1.239 on the 23 april , 7 may , and 29 june.
Price showing overbought condition on the RSI and we can see demand decreasing on the volume bars on the 1 hours.
15 min ; price continue on making lower low and look for a retest of 1.239 and sell
Will personally looks to keep sell till 1.229 to take profit
Bullish momemtum was present till it go absorbed around 1.239 , for after breaking upside of the level and price not maintening the level to go back under it. We can see on the 4 hours that absorption of demand was happening around 1.239 on the 23 april , 7 may , and 29 june.
Price showing overbought condition on the RSI and we can see demand decreasing on the volume bars on the 1 hours.
15 min ; price continue on making lower low and look for a retest of 1.239 and sell
Will personally looks to keep sell till 1.229 to take profit
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