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WalterMoon
14 ื™ื•ื ื™ 2023 09:45

GBPUSD - Price can bounce down and break support levelย ืฉื•ืจื˜

British Pound/U.S. DollarFXCM

ืชื™ืื•ืจ

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Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments๐Ÿ‘Š

When price reached $1.2680 point, it bounced down, entered to falling channel, in which where soon, price broke support level.

British Pound declined lower next support level with area, thereby leaving falling channel.

After this movements, price a few times later made strong upward impulse to resistance line.

Then British Pound made correction, thereby entering to wedge, in which price rose to resistance level and recently broke it.

Also a not long time ago, price exited from wedge and now trades close support line, but I think it can fall below this level.

As well, British Pound can maybe make retest and then continue to fall to $1.2550

If this post is useful to you, you can support me with like/boost and advice in commentsโค๏ธ
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Kryptochristian
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Wonderful spot on the rising wedge - 100% agree ๐Ÿ‘Š
significantDir64505
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is it still valid ?
pejman_zwin
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I really liked this post. I hope your analysis is correct.๐Ÿ‘
Gold-Tech
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Wow, this is interesting. Your idea is mostly correct
RLinda
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Everything seems to be good. Thanks for the idea! I wish everyone who takes the risk a profitable trade)
JoeChampion
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Great outlook, keep it up!
melikatrader94
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Detailed and accurate analysis
Lingrid
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Nice chart! And what entry point can you recommend us here?
Finchcliffe
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definitely agree, if we break the dynamic trend line I'm expecting a huge fall!! thanks for sharing!
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