GBP USD negative diverging double top in progress

FX:GBPUSD   British Pound / U.S. Dollar
1714 13 32
A slight variation of the Fisher -Trix System, . I left out the Fisher 34 so that I would have more room to show the Trix ribbon swing action & support / resistances. Trend breaks using the Trix7 work
very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern and a close below the 10ma. On daily frame we have a negative diverging double top in progress.Near term downside target is at .382 Fib. level.
...GU found support at the .236 FIB level and at bottom of BB(34). TRIX & RSI resistances were broken to the upside and now GU is close to it's previous high. Interesting to see what happens around this level
When will it drop? I opened short @ 1.5924
nmike BadSector81
.....currently we have negative momentum in price action and indicators with the RSI close to a key support level, likely to hit 1.5894 near term
T6340 if break 6140
.....update, GBP fails to break below the .236 Fib. level, Trix 7 is now bouncing off support and RSI breaks a resistance level, likely to hit trend line resistance near term
Never seen that Trix bubble indicator. Pretty cool!
nmike mokcpat
@mokcpat here's one good example of a Trix bubble, higher then normal Trix reading,RSI oversold and Trix 7 far away from the rest of the other Trix lines
bilk29 nmike
wery gud
The breakout below the baseline looks like it could be any time now really. I'd get ready. Perhaps later today or tomorrow.
There is a pretty interesting Double Top there. I would wait for a breakout under its baseline.
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