After weeks of rising, GBPJPY is showing signs of fatigue.
The AD line shows that the bulls are unable to drive the price upwards despite great efforts, while a liquidity zone awaits at the bottom with the Wick.
For this reason, it may make sense to take a short position with the aim of clearing the wick's liquidity.
The AD line shows that the bulls are unable to drive the price upwards despite great efforts, while a liquidity zone awaits at the bottom with the Wick.
For this reason, it may make sense to take a short position with the aim of clearing the wick's liquidity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.