GBPUSD Poised for a Bearish Move - UPDATE
A few days ago, I shared a GBPUSD chart that showed signs of a correction. Now, that correction appears to be complete, and the likelihood of a larger decline is increasing. The exact catalyst for this move is uncertain, but the setup looks promising and could trigger a liquidity release.
On the 4-hour chart, GBPUSD has formed a rough variation of a Harmonic Pattern. Although this pattern isn’t perfect, it effectively blocked the price from climbing above 1.3590.
GBPUSD now seems poised for a bearish trend.
Targets: 1.3350 | 1.3250 | 1.3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A few days ago, I shared a GBPUSD chart that showed signs of a correction. Now, that correction appears to be complete, and the likelihood of a larger decline is increasing. The exact catalyst for this move is uncertain, but the setup looks promising and could trigger a liquidity release.
On the 4-hour chart, GBPUSD has formed a rough variation of a Harmonic Pattern. Although this pattern isn’t perfect, it effectively blocked the price from climbing above 1.3590.
GBPUSD now seems poised for a bearish trend.
Targets: 1.3350 | 1.3250 | 1.3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.