gbpusd had a good rise the last few weeks/months, now its time to pay attention.
the price is now ranging,. let me tell you what i think.
a little bit higher there is a imbalance in the chart. for me and many others thats a reason to short.
why do i think manipulation is going on?
for the big people in order to go short they need to attract buyers, so how do they do that? they go long, they build up long orders to attract more buyers so the price doesnt go down and the shorts can get filled. thats what happening right now in my opinion. (i can be wrong)
also the rsi is overbought (indicating downside could come )
in my opinion the price will be ranging for a week of 2, after that is wil go a bit higher to eventually come down big time , (like 5% or more)
here is the setup i will take.
no financial advice, just my thoughts
the price is now ranging,. let me tell you what i think.
a little bit higher there is a imbalance in the chart. for me and many others thats a reason to short.
why do i think manipulation is going on?
for the big people in order to go short they need to attract buyers, so how do they do that? they go long, they build up long orders to attract more buyers so the price doesnt go down and the shorts can get filled. thats what happening right now in my opinion. (i can be wrong)
also the rsi is overbought (indicating downside could come )
in my opinion the price will be ranging for a week of 2, after that is wil go a bit higher to eventually come down big time , (like 5% or more)
here is the setup i will take.
no financial advice, just my thoughts
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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.