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Dragon_Investments

rising wedge for the Cable

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Dragon_Investments  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Rising Wedge Bullish Trend Line macdcross
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trendanalysis chartpattern risingwedge bullishtrendline macdcross
Price is approaching a trendline but we can see a MACD DIVERGENCE in H4 timeframe, if price will break the wedge I will open a sell position; great oppportunity; price could push as low as 1.2285.
Look at daily timeframe using bollinger bands; in my opinion price could reach medium band (around 1.225).
wait to open a sell order

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Dragon_Investments
channel will push down the price
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