GBPUSD is in a bearish trend and we can see that the price continues to descend within the descending price channel.
We see a global downtrend channel. The price is testing critical support points - a false breakdown of the trend line, but then the price reacts and forms a local upward correction
A reversal pattern is formed on the chart and the price breaks the resistance of the pattern and goes to test the resistance at 1.17600.
I suppose if the resistance of 1.17600 is strong, because it is worth considering the global trend, then before the test of the channel resistance, we might see a pullback from 1.17600 to the support of 1.16000, after which the growth might resume.
Regards to R.Linda!
We see a global downtrend channel. The price is testing critical support points - a false breakdown of the trend line, but then the price reacts and forms a local upward correction
A reversal pattern is formed on the chart and the price breaks the resistance of the pattern and goes to test the resistance at 1.17600.
I suppose if the resistance of 1.17600 is strong, because it is worth considering the global trend, then before the test of the channel resistance, we might see a pullback from 1.17600 to the support of 1.16000, after which the growth might resume.
Regards to R.Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.