There is a volatility contraction on the GBP/USD. GBP/USD did breakout of the range and in my opinion in this type of the market which is not trendy, the best way to trade is to trade volatility breakout model. The Forex market is all about statistical models. The point is to recognize which model to use on the market.
There is also a ROC bearish divergence in the background .
Watch for selling opportunities >
Target is opened but support is found at 1.2770.
Trade safe >
Petar
There is also a ROC bearish divergence in the background .
Watch for selling opportunities >
Target is opened but support is found at 1.2770.
Trade safe >
Petar