GBP/USD falling wedge - one to watch
Hi all,
Here we have the GBP/USD on a 4hr chart, as you can see there is a pattern starting to emerge as a falling wedge(red line), this could be a indication of a reversal.
The green box is a area of daily support.
There could possibly be another confirmation of the EMA crossing over - which could indicate a signal.
There is also a slight divergence on the RSI to the upside - which could indicate a signal.
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATION PURPOSES ONLY - ALL FEEDBACK IS WELCOMED **
Good luck and trade safe
L
Here we have the GBP/USD on a 4hr chart, as you can see there is a pattern starting to emerge as a falling wedge(red line), this could be a indication of a reversal.
The green box is a area of daily support.
There could possibly be another confirmation of the EMA crossing over - which could indicate a signal.
There is also a slight divergence on the RSI to the upside - which could indicate a signal.
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATION PURPOSES ONLY - ALL FEEDBACK IS WELCOMED **
Good luck and trade safe
L
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.