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TheAnonymousBanker

GBPUSD: Reversal Pattern on Weekly Chart.... caution!

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
TheAnonymousBanker Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal Forex forexsignals elliotwaveanalysis elliottwaveprojection Contains image
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trendanalysis chartpattern waveanalysis gbpusd gbpusdshort gbpusdanalysis gbpusdsignal forex forexsignals elliotwaveanalysis elliottwaveprojection containsimage
Hi everyone!
From a technical point of view, the trend is bullish on daily and intraday charts, but at the same time, on the weekly chart, trend is still bearish. Having said that, at the moment, a reversal (bearish) pattern has formed, and as long as GBPUSD fails to trigger a new Top, a bearish consolidation is possible in short-medium term. This pattern will weaken on a weekly close above 1.2264.

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PS: I will post my Target later....
Comment:
...I will use the technical bounce in play on intraday chart to try a short position taking.
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By Anonymous Banker
A TradingView Fan since 2015

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