GBPUSD will fall. Short Position.

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Paun British / Dolar A.S. (FX:GBPUSD)

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FX:GBPUSD Paun British / Dolar A.S.

trendanalysis supportandresistance mtfa resistances gbpusd gbpusdshort

GBPUSD has been moving up in a rising wedge channel for a significant amount of time now and has reached a level of strong resistance. A rising wedge in an upward trend indicates a potential reversal pattern. Currently, GBPUSD is at the bottom of that channel and unable to reach a higher high. This makes me inclined to think that a downward fall is coming soon. A short position here is the best idea in this pair. If this is not the case, then I will be looking to short around the 1.35 area will be looked at.

Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.

Dagangan aktif:

As I said, the price just dropped and giving a pullback to continue the downtrend again.

Komen:

Spot on, just like drawings.

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