GBPUSD broke below the ascending line since the beginning of October.
In 1D timeline we can see that it follows a horizontal channel and 50MA/200MA crossover signals downward momentum.
Furthermore, RSI stays below %50 indicating downwards move is at hand.
Our final target is 1.3430
Please be generous for leaving a comment and hitting the 👍 button as it motivates us for publishing more ideas 🙂
In 1D timeline we can see that it follows a horizontal channel and 50MA/200MA crossover signals downward momentum.
Furthermore, RSI stays below %50 indicating downwards move is at hand.
Our final target is 1.3430
Please be generous for leaving a comment and hitting the 👍 button as it motivates us for publishing more ideas 🙂
Trade active:
I expect a retracement to 1.3709 and then continuation of the fall.
Trade closed: target reached