Continuation pattern GBP USD
* GBP has been strong for some time
* Sentiment short 75%
* Divergence has played and matured
* First HL & LL formed, trend confirming
* Reversing from highest point, so we can expect to mean revert.
* 1% risk and reward.
* 20 time positive and 12 negative and is already up 2.6%
* Sentiment short 75%
* Divergence has played and matured
* First HL & LL formed, trend confirming
* Reversing from highest point, so we can expect to mean revert.
* 1% risk and reward.
* 20 time positive and 12 negative and is already up 2.6%
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