GBPUSD is currently forming a curve chart pattern, signaling a potential bearish move ahead! A neckline break will confirm the downside momentum.
Key Market Insights:
🔻 Pattern: Curve chart pattern – bearish setup
🔻 Neckline Breakout: Key confirmation for further decline
🔻 EMA 200 Support Zone: Watch for reactions near this level
🎯 First Target: 1.2770
🎯 Second Target: 1.2570
Trade Strategy:
✅ Wait for a clean neckline break before shorting
✅ Look for a retest of the neckline as confirmation
✅ Follow proper risk management
If the pattern plays out, we could see a strong drop! Stay sharp and follow the trend.
💬 For more updates, LIKE, COMMENT & FOLLOW!
Key Market Insights:
🔻 Pattern: Curve chart pattern – bearish setup
🔻 Neckline Breakout: Key confirmation for further decline
🔻 EMA 200 Support Zone: Watch for reactions near this level
🎯 First Target: 1.2770
🎯 Second Target: 1.2570
Trade Strategy:
✅ Wait for a clean neckline break before shorting
✅ Look for a retest of the neckline as confirmation
✅ Follow proper risk management
If the pattern plays out, we could see a strong drop! Stay sharp and follow the trend.
💬 For more updates, LIKE, COMMENT & FOLLOW!
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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.
Join My Telegram Channel Now
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.