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SynergyTradingSetups
Mar 31, 2023 6:16 PM

GBP/USD SHORT- BREAKING BEARISH WEDGE NOW Short

British Pound/U.S. DollarFXCM

Description

GBP/USD has been on a recent rally after hitting our first TP of our last short. Now it has formed a bearish rising wedge with multiple counts of bearish divergence and it has also rejected its previous resistance. Should the candle close outside of this wedge and then confirm the breakdown we will be short with the targets shown. Set your alerts!

The DXY also looks to be double bottoming after its breakout last week


And the EUR looks like it's breaking down also with these potential targets.


Wait for candle close and confirmation!
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