GBPUSD ANALYSIS (01 DESEMBER 2020)
Story by : MRG Premiere
Published : December 01, 2020
GBPUSD ANALYSIS (01 DESEMBER 2020).
Image: GBP / AUD H4 Chart
(GBP / AUD) On the H4 Chart, you can see that the current price movement is developing a Rising Wedge pattern, which is supported by a rejection in the resistance area, meaning that the price has the potential to weaken again to the harmonic support area when a breakout occurs.
SELL Stop at the 1.3283 area
Stop Loss: 1.3399
Always pay attention to your money management, this trading idea is only for consideration, but trading decisions, risks, profits and losses are all the responsibility of each trader.