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TheSignalyst

GBPUSD potential bearish reversal

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
TheSignalyst  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD SELL Forex Divergence Parallel Channel Support and Resistance zone rejection
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trendanalysis chartpattern indicator gbpusd sell forex divergence parallelchannel supportandresistance zone rejection
on DAILY: GBPUSD is sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes.

on M30: price formed an objective trendline in red and we are still waiting for a candle close below its last swing to sell.

we also have a bearish regular divergence on MACD adding more confluence to our sell setup.

meanwhile, GBPUSD would be overall bullish, until an objective sell setup is activated.
This analysis is done using RichTL
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