GBP / USD: bearish trend and middle term strong negative movement
Oversold market, where RSI dipped below 30.
price action: Hammer - Bullish reversal or pin bar
The price crossed above its maximum, which amplifies the signal.
RSI went back above 30, which is also a positive signal.
Thus this is a trend reversal formation and the goal is to minimize the risk of a bigger lost, it is better to wait for correction (Hummer for example) till around 38.2% or 50%
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