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GBPUSD: Classic Bearish Setup 🇬🇧🇺🇸
British Pound / U.S. Dollar
Short
GBPUSD: Classic Bearish Setup 🇬🇧🇺🇸
By VasilyTrader
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Updated
Jul 29, 2022
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Jul 28, 2022
GBPUSD is trading in a rising wedge pattern on 4H.
The price reached its resistance yesterday.
Analyzing the reaction of the price to that on 1H time frame, I spotted a triple top formation
and a confirmed neckline breakout.
I believe that the pair will drop now.
Goals: 1.20915 / 1.2045
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Jul 29, 2022
Note
Check my new idea on USDCAD:
GBPUSD
Multiple Time Frame Analysis
Parallel Channel
priceaction
priceactionanalysis
priceactionstrategy
priceactiontrading
DJ FXCM Index
Wedge
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