GBP/USD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
1. Rising Wedge Pattern (Highlighted in Green)
A rising wedge is a bearish reversal pattern, meaning that after an uptrend, the price is likely to decline.
The price has already broken below the wedge, confirming a potential bearish move.
2. Resistance Zone (Purple Rectangle)
This indicates a supply zone where the price is facing selling pressure.
The price is currently testing this resistance and could face rejection.
3. Bearish Projection (Blue Arrows)
The chart suggests that after testing resistance, the price is expected to decline.
There are two potential target levels marked in red at 1.25084 and 1.24631, indicating expected support zones where the price might stabilize.
4. Target (Red Box with "Target")
The projected price movement aligns with the breakdown of the rising wedge.
Overall, this chart suggests a bearish outlook for GBP/USD, expecting a drop after a rejection from the resistance zone. Would you like help interpreting anything specific?
A rising wedge is a bearish reversal pattern, meaning that after an uptrend, the price is likely to decline.
The price has already broken below the wedge, confirming a potential bearish move.
2. Resistance Zone (Purple Rectangle)
This indicates a supply zone where the price is facing selling pressure.
The price is currently testing this resistance and could face rejection.
3. Bearish Projection (Blue Arrows)
The chart suggests that after testing resistance, the price is expected to decline.
There are two potential target levels marked in red at 1.25084 and 1.24631, indicating expected support zones where the price might stabilize.
4. Target (Red Box with "Target")
The projected price movement aligns with the breakdown of the rising wedge.
Overall, this chart suggests a bearish outlook for GBP/USD, expecting a drop after a rejection from the resistance zone. Would you like help interpreting anything specific?
😎Free Free BTC/GOLD
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
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.
😎Free Free BTC/GOLD
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
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.