Get started
VladimirRibakov

GBPUSD Short Term Sell Idea After Trend Line Breakout

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
VladimirRibakov  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Trend Lines Multiple Time Frame Analysis GBPUSD SELL Bearish Patterns bearishdivergence Double Top Trend Line Break pullback
12
2
trendanalysis trendline mtfa gbpusd sell bearish bearishdivergence doubletop trendlinebreak pullback
H4 - Currently it looks like the bullish trend pattern has completed itself and a correction is happening.

Double top with bearish divergence.

Price still has room lower towards the key support zone.

H1 - Bearish divergence. Most recent uptrend line breakout.

Expecting the price to continue lower further after pullbacks.
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.