DLavrov

GBPUSD Sell Opportunity

Short
FX:GBPUSD   British Pound / U.S. Dollar
The price diverges with RSI and MACD histogram. We have a bearish divergence which is a strong trend reversal signal. The double top chart pattern also shows that the market is going to reverse. RSI confirms price reversal. MACD supports downward movement. DMI allows open short trades. We have sell opportunity. Pending orders must be placed at 1.31800 level. Stop orders must be placed above the resistance level at 1.32300. The main profit target should be 1.31100 level. The other part of short positions can be closed at 1.30100 level.

💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD

📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit

💎 Share My BEST Trades here 👉 bit.ly/wubits
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.