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🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
The 1st of February, the price finally broke (as expected in my previous analysis) the rising wedge pattern, moving down until the support zone at about 1.36400.
It re-tested few times the same level creating every time a lower high.
It is currently on the same zone and the next price action around this area will be essential to understand the next market movement.
🔴Conclusion:
I'm confident to see an upcoming strong bearish movement after a possible trend correction.
I'll be waiting for the price breaking through the current support zone before planning my short position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
The 1st of February, the price finally broke (as expected in my previous analysis) the rising wedge pattern, moving down until the support zone at about 1.36400.
It re-tested few times the same level creating every time a lower high.
It is currently on the same zone and the next price action around this area will be essential to understand the next market movement.
🔴Conclusion:
I'm confident to see an upcoming strong bearish movement after a possible trend correction.
I'll be waiting for the price breaking through the current support zone before planning my short position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
코멘트:
If you would like to have a quick look on my previous analysis:
