GBP/USD Trade Setup
Pattern: Inverse Flag & Pole (Bearish Continuation)
Trend: Strong Downtrend
Timeframe: 1H
Entry Level: Breakdown below #1.32800
Technical Targets:
1st Target: #1.32000
2nd Target: #1.31450
Analysis:
Price action shows a confirmed inverse flag and pole pattern on the 1-hour chart, signaling strong selling pressure. Watching for a clean breakdown below 1.32800 for continuation toward the downside targets.
Risk Management:
Always use appropriate stop-loss and manage your risk accordingly.
Pattern: Inverse Flag & Pole (Bearish Continuation)
Trend: Strong Downtrend
Timeframe: 1H
Entry Level: Breakdown below #1.32800
Technical Targets:
1st Target: #1.32000
2nd Target: #1.31450
Analysis:
Price action shows a confirmed inverse flag and pole pattern on the 1-hour chart, signaling strong selling pressure. Watching for a clean breakdown below 1.32800 for continuation toward the downside targets.
Risk Management:
Always use appropriate stop-loss and manage your risk accordingly.
Trade active
Trade closed manually
Close the trade it has give bullish breakout
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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.
Related publications
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.