GbpUsd could drop 200 pips
I've been bullish on GBP/USD and expected it to reach 1.26. Indeed, the target was not only reached but also surpassed with a high of 1.2720. However, after reaching the 1.27 zone, GBP/USD started to show signs of fatigue and failed twice at this level.
With the rise since mid-November contained in a rising wedge pattern and a potential double top forming (confirmation required with a drop under 1.26), the pair could decline to the next level of support around 1.24.
That being said, I'm bearish on GBP/USD, and I'm looking to sell rallies, with a negation in the event of a new local high.
With the rise since mid-November contained in a rising wedge pattern and a potential double top forming (confirmation required with a drop under 1.26), the pair could decline to the next level of support around 1.24.
That being said, I'm bearish on GBP/USD, and I'm looking to sell rallies, with a negation in the event of a new local high.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.