- April 7, 2020
- Posted by: Tradingshot Articles
- Category: Forex
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Pattern: Channel Up on 1D.
Signal: Bearish as the pattern made a Higher High and is descending towards the Higher Low trend line. The RSI is also on a Descending trend line.
Target: 5.035 (around -3.90% from the High, similar to the weakest drop after an RSI Lower High).
Tradingview link:
https://www.tradingview.com/chart/GBPPLN/bGqiIi97-GBPPLN-Sell-Signal