GBP/USD is Forming a Rising Wedge!

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By Deya Hroob



This trade is based on 4h chart.

GBP/USD is trading within a rising wedge. It's a reversal pattern. To confirm this pattern we need a bearish breakout down the support line.

 Sellers should short the pair on a closed candle below the support line with first target 1.24. aggressive traders can also sell when price touch the upper line.

 Our trade setup will be invalided if price breaks out the upper line.   

 Good luck!

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