GBPUSD analysis 07.12.2020
A "Pin Bar" reversal pattern has formed on the D1 timeframe with a false breakout of the resistance level. Stochastic Oscillator signals an overbought condition.
A truncated H2 level pattern has formed on the H1 timeframe, which ended with the breakout of the inclined channel. A breakout of 1.3407 will result in the formation of a descending wave H1 level pattern. Awesome Oscillator shows a bearish divergence.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell on the breakout of 1.3407.
Stop Loss: 1.3540.
