💡The chart shows a technical analysis of the GBP/USD pair on the 4-hour timeframe. Rising Wedge Pattern: There is a clear shape of a rising wedge pattern, a reversal pattern where the price is within a narrow, upward-sloping channel. Typically, a break of this pattern downward indicates a reversal from bullish to bearish. The MACD indicator shows that momentum is beginning to shift to the downside (red), supporting the idea of a continued downward trend.
⛔️Not investment advice for educational purposes only.
⛔️Not investment advice for educational purposes only.
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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.