ANALYSIS 🔎
- GBPUSD is printing a rising wedge pattern.
- This is a trend reversal pattern.
- A bearish one to be precise.
- RSI is printing a bearish divergence signal.
- There's a breakdown potential.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support and previous swing low support level (S1).
TARGETS 🎯
- Horizontal support levels (S2, S3, S4, S5, S6).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
- GBPUSD is printing a rising wedge pattern.
- This is a trend reversal pattern.
- A bearish one to be precise.
- RSI is printing a bearish divergence signal.
- There's a breakdown potential.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support and previous swing low support level (S1).
TARGETS 🎯
- Horizontal support levels (S2, S3, S4, S5, S6).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.