dee718

GBPUSD follow up/ high volume example (14 JUL 2020)

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
This is why I prefer not to short into an unknown area. That is pretty high activity and suggest SM buying.

You also have that RSI POS div as a behavioral change. entry here is aggressive. I generally prefer a double bottom or double top to confirm teh support or resistance I am entering from.

Note the high volume below support, the RSI pos div.

Avoid selling into strength
avoid buying into weakness.

practice*
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