GBP/USD - Minute B - Bearish Divergence & Double Top

FX_IDC:GBPUSD   Britisches Pfund / US-Dollar
722 7
GBP/USD has started Intermediate Wave (C) (golden) as per our previously posted analysis for the Bullish Minor A (blue).
Corrective Minor B (blue) is about to begin its Structure as pointed out by the present Main Bearish Divergence.
Minor A (blue) is about to complete its cycle, with Minute 5 (green) about to form its last local high, therefore waiting for the Secondary Bearish Divergence, which is most likely going to take place at the 24th Feb High, which makes it also a Double-Top.
Fibonacci Extensions from Minute iii & iv (green) are also pointing towards the 61.8% ratio for the end of Minute v (green).
GBP/USD will most likely retrace a 50-61.8% of its gains before it will continue with the newly created up-trend, therefore, the present trade is to be treated as short-term, after which, we will be looking to buy GBP/USD .

GBP/USD - Short:

Entry - 1.2530
SL - 1.2630
TP - 1.2250
Trade wurde manuell geschlossen
Trade geschlossen: Ziel wurde erreicht
Website & Services:

Recommended Broker:
- Free Premium Set-ups
- Free Membership

Telegram Channel:
Private Trading Room -
how's it going bro?
@MadenAla, trade set-up is still on
+1 Antworten
what do you think?
@MadenAla, My thoughts are on the chart. What do you mean? :)
MadenAla Lionheart-EWA
@Libeloo24, Yes, I looked nice. does it continue?
Nice chart
@ardiansyah, thanks
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden