GBPUSD 1D Death Cross = long-term bullish?

Usually the Death Cross is a bearish formation. When formed, it should be received as a sell signal on an upcoming bearish reversal. On GBPUSD though and the 1D time-frame in particular, the last time a 1D Death Cross was formed was on April 03 2020, after the COVID crash market bottom of mid March. Interestingly enough even the Golden Cross patterns have been inverted on GBPUSD as the last two (November 27 2019 and August 14 2020) shortly led to a top and correction.

If the same sequence is repeated then the long-term targetis the 1.4250 Resistance, which so far is a Double Top. Notice how the CCI sequences are also similar.



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