GBPUSD analysis | When to enter a trade
On 21st of June the pair formed a bottom but then started climbing to the upside.
You can notice that price action is weak and every next upside push is weaker than the previous one.
That puts price action inside a wedge.
This is a very strong pattern which shows that a certain move is coming to end and it gives us selling opportunities.
We will have confirmation once market breaks below previous low!
Before that we could still see higher values.
In case of a close below 1,3920, we will expect a market reaching the 1,3800 level.
Follow us for more specific opportunities!
You can notice that price action is weak and every next upside push is weaker than the previous one.
That puts price action inside a wedge.
This is a very strong pattern which shows that a certain move is coming to end and it gives us selling opportunities.
We will have confirmation once market breaks below previous low!
Before that we could still see higher values.
In case of a close below 1,3920, we will expect a market reaching the 1,3800 level.
Follow us for more specific opportunities!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
