Any interest in the GBPUSD?
We can see here that retail are reaching that sweetspot long percentage on the pound which tells us what side we should be on.
Lets look at the chart though:
The chart tells a different story still, the RSI isnt on our side yet which tells me its going to take out some areas as pointed out in the arrows before making its new trend
More detail with the WCU basket..
Again, everything looks lined up for a transition, but I would say not without some trapping retail traders up, so ill wait until the RSI lines up with sentiment like it should.
Attached Image
We can see here that retail are reaching that sweetspot long percentage on the pound which tells us what side we should be on.
Lets look at the chart though:
The chart tells a different story still, the RSI isnt on our side yet which tells me its going to take out some areas as pointed out in the arrows before making its new trend
More detail with the WCU basket..
Again, everything looks lined up for a transition, but I would say not without some trapping retail traders up, so ill wait until the RSI lines up with sentiment like it should.