GBPUSD Top Forming?
GBPUSD has had a large leg up but may be forming a top, with RSI oversold on all levels up to the 4H.
A huge run-up and potential blow-off top is forming on the lower timeframes after a big trend day yesterday, this type off excess volatility is a signature of potential reversal.
On the 1H we've just seen alarge inverted hammer form, another signal of potential reversal.
While this isn't a high probability play (as picking a top in a trend never is), it's certainly a high risk/reward play.
A huge run-up and potential blow-off top is forming on the lower timeframes after a big trend day yesterday, this type off excess volatility is a signature of potential reversal.
On the 1H we've just seen alarge inverted hammer form, another signal of potential reversal.
While this isn't a high probability play (as picking a top in a trend never is), it's certainly a high risk/reward play.
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