Analysis of GBP/USD: Bearish Setup, Potential Sell Opportunity
The previous bullish trend appears to be losing steam, and the chart suggests a reversal. This could lead to a correction or a new downtrend.
We target for the price to hit the resistance level as a retest in return forming a double top this will be the case when it fails to break above it signaling buyers are losing momentum.
Confirmation will be the sellers breaking the support zone(RED ine @ 1.30823) confirming the sells. In that case we look for a retest(same zone or within it) and have our entries at that point.
TP 1: 1.30400
TP 2: 1.29800
Target: 1.27990
We target for the price to hit the resistance level as a retest in return forming a double top this will be the case when it fails to break above it signaling buyers are losing momentum.
Confirmation will be the sellers breaking the support zone(RED ine @ 1.30823) confirming the sells. In that case we look for a retest(same zone or within it) and have our entries at that point.
TP 1: 1.30400
TP 2: 1.29800
Target: 1.27990
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.