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Chibuike_Odoh
Feb 1, 2021 7:13 AM

GBPUSD - POTENTIAL BREAKDOWN  Short

British Pound/U.S. DollarFXCM

Description

ANALYSIS 🔎
- GBPUSD is printing a rising wedge pattern.
- This is a trend reversal pattern.
- A bearish one to be precise.
- RSI is printing a bearish divergence signal.
- There's a breakdown potential.

SELL ENTRY ⬇️
- Breakdown below the rising wedge support and previous swing low support level (S1).

TARGETS 🎯
- Horizontal support levels (S2, S3, S4, S5, S6).

SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
Comments
PatitoMilefa
GBP going up!
Chibuike_Odoh
WicktatorFX
Exactly what I got. DXY pushing higher too
Chibuike_Odoh
@Wicktator 👍
theriyazsaifi
USD IS RISING good chances for short thanks
Chibuike_Odoh
@theriyazsaifi let's get some pips mate 🥂
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