[GBPUSD] Break of Rising Wedge, possible short opportunityGBPUSD have broken a strong Daily Rising wedge, possible for a further downside move to at least 1.3450, a further break below the 1.3450 level would mean more downside
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Gbpusdsellsetup
GBPUSD Short from top level opportunityHello everyone,
The last up trend of GBPUSD was broken. In next week i think GU will start a new sale wave.
At the same time i see a double top in daily period.
I'll share the most suitable entry point with smaller time period on Monday.
For now have a good weekend!
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In the analysis I published, 1H and smaller periods are based on the scalping strategy. Periods of 4H and greater are analyzed with the swing trade strategy.
GBP remains within downward trend against USD.I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270.
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400 down to 1.2270