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British Pound / U.S. Dollar
Short

Short GBPUSD 4H

587
GBPUSD has recently entered a head and shoulder formation. A great indicator to conclude further downwards movements is the bearish divergence and falling volume level that indicate Bullish uncertainty.

Take profits could be set at 1.17200
Stop Loss can be set at 1.25900
OT_Forex
Chart PatternsCoronavirus (COVID-19)GBPUSDTechnical IndicatorsRelative Strength Index (RSI)shortTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsCoronavirus (COVID-19)GBPUSDTechnical IndicatorsRelative Strength Index (RSI)shortTrend Analysis
OT_Forex

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.