WaveSavvyTrades

TRIPLE TOP + RISING WEDGE

Short
FOREXCOM:GBPUSD   Britisches Pfund / US-Dollar
Price for this symbol seems to have been trapped between a support zone and a resistance zone for quite a while now. A break out in either direction could possibly bring very strong moves. The price is currently at the resistance zone plus the price seems to have formed a rising wedge. If the wedge structure is valid and price turns bearish it could head to the support zone and this would lead to the formation of a triple top (A very potent bearish signal) especially if the support zone breaks. For now we will take it one step at a time and see how price reacts with the resistance zone and the rising wedge.


If you like these analysis or they are helpful to you in anyway please like and follow me.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.