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GBPUSD: Two Bearish Confirmations
British Pound / U.S. Dollar
Short
GBPUSD: Two Bearish Confirmations
By linofx1
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6 days ago
1
1
8
8
8
6 days ago
I spotted two significant bearish signals on 📉GBPUSD.
Following a substantial bearish movement, the pair began to gradually rise within a bearish flag pattern on the 4-hour chart.
Additionally, a double top pattern was formed within the boundaries flag
Today, the price broke through both the flag's support and the neckline of the double top, providing strong technical confirmation.
I believe the market could decline to 1.2664 soon.
Double Top or Bottom
Flag
Support and Resistance
linofx1
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