GBPUSD
1.GBPU is on an overal downtrend from higher timeframes.
2.The price has formed a continuation(Bearish Rising Wedge) which shows a momentum buildup for break to continue shooting down.
3.The price broke the bearish rising wedge, leaving no option, but for sellers to take action with the sells.
4.The price then made a retest of the Rising wedge break, to which we are now selling at the current price.
2.The price has formed a continuation(Bearish Rising Wedge) which shows a momentum buildup for break to continue shooting down.
3.The price broke the bearish rising wedge, leaving no option, but for sellers to take action with the sells.
4.The price then made a retest of the Rising wedge break, to which we are now selling at the current price.
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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.