15.07.2020
The ascending M30 level pattern ended with the breakout of an inclined channel. This is probably a wave (In H2) of the descending H2 level pattern. Stochastic Oscillator indicates an overbought situation. A start fractal has formed below 135 EMA, the breakdown of which will result in the formation of a descending wave pattern within the wave (C) of the descending H2 level pattern.
GBPUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell below 1.2562.
Stop Loss: 1.2667.
Target levels: 1.2483; 1.2436.
If the local maximum is updated, cancel the trading plan. For selling, the inclined channel should be restructured to the new ascending pattern.
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