GBPUSD bearish Pennant below resistance level
Forming the pennant near resistance level increases the chance of falling price.
Also RSI shows the uptrend momentum is not strong and it may be ending.
I see the blue line as the first level to reach, where you can trail your stoploss and let the price go more down without further risk.
Also RSI shows the uptrend momentum is not strong and it may be ending.
I see the blue line as the first level to reach, where you can trail your stoploss and let the price go more down without further risk.
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