Mahtab_Tradia

GBPUSD Bearish Reversal Pattern

Viés de baixa
FX:GBPUSD   Libra Esterlina/Dólar Americano
After a big growth, price has made a reversal double top pattern in 4H time frame.

The neckline of the pattern is broken out to the downside with a strong bullish candle and price has been fixed below it.

Currently, price is retesting the broken level which is around 1.3690 - 1.37, and then we can see a drop again.

But, personally, I will wait for the downside breakout and a bearish candle closure below the last low at 1.3653 to get more confidence about the sell position.

The possible target for this analysis is around 1.3573, but be careful about the support level at 1.36, and make sure to manage your position properly.

Good luck and have a profitable week!

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.