GBPUSD Sell Opportunity
Updated
GBPUSD broke below the ascending line since the beginning of October.
In 1D timeline we can see that it follows a horizontal channel and 50MA/200MA crossover signals downward momentum.
Furthermore, RSI stays below %50 indicating downwards move is at hand.
Our final target is 1.3430
Please be generous for leaving a comment and hitting the 👍 button as it motivates us for publishing more ideas 🙂
In 1D timeline we can see that it follows a horizontal channel and 50MA/200MA crossover signals downward momentum.
Furthermore, RSI stays below %50 indicating downwards move is at hand.
Our final target is 1.3430
Please be generous for leaving a comment and hitting the 👍 button as it motivates us for publishing more ideas 🙂
Trade active
I expect a retracement to 1.3709 and then continuation of the fall.Trade closed: target reached
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.