GBPUSD potential bearish scenario.
Hello mates, have been away for the past couple of weeks. Let's get back to charts.
GBPUSD could be a short term sell. After the price hit the top of the rising wedge, and Fisher hit overbought, the price turned lower with two decisive bearish candles. We have broken below the rising trend line for the ascending wedge pattern as shown on the daily chart above.
I will be watching short term four-hour chart to confirm a short, especially if we retest areas among 1.3100-1.3160 .
Remember, no confirmation, no trade.
Best
Technician
GBPUSD could be a short term sell. After the price hit the top of the rising wedge, and Fisher hit overbought, the price turned lower with two decisive bearish candles. We have broken below the rising trend line for the ascending wedge pattern as shown on the daily chart above.
I will be watching short term four-hour chart to confirm a short, especially if we retest areas among 1.3100-1.3160 .
Remember, no confirmation, no trade.
Best
Technician
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