Trend: Bearish
Structure: Channel / Breakout
Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.
What followed was a breakout of resistance and what appears to be a confirmation of the breakout.
We now look to take a sell to previous low.
Please wait for MACD and stochastic confirmation as MACD is slightly bullish
Structure: Channel / Breakout
Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.
What followed was a breakout of resistance and what appears to be a confirmation of the breakout.
We now look to take a sell to previous low.
Please wait for MACD and stochastic confirmation as MACD is slightly bullish
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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.