GBP/USD - LONG based on Pennant (1h) + Ascending Trendline (1D)
Based on the 1hr chart where a Bullish Pennant Pattern is forming, further upside is likely.
While on Daily, the price remains in an Upward Trendline which is on its way to forming an Ascending Triangle which I believe has 1-2 more pushes to the upside before being considered a good SHORT opportunity.
Price also remains above EMA on Daily + 4hr, while testing 2hr & below.
While on Daily, the price remains in an Upward Trendline which is on its way to forming an Ascending Triangle which I believe has 1-2 more pushes to the upside before being considered a good SHORT opportunity.
Price also remains above EMA on Daily + 4hr, while testing 2hr & below.
Nota
Some additional charts and timeframes:imgur.com/a/4TGjfSz
Nota
Here's the 1hr chart but cleaned up (no gridlines) & using Heikin Ashi Candlesticks.Overall selling pressure appears to be capped.
However, time will tell once London trading session opens in just under 2hrs
Dagangan ditutup: hentian tercapai
The Ascending Triangle was breached and the price dropped like a rock, hitting all 3 SL setups for varying risk appetites.
Looking for an ECN broker which is reputable, still offers 1:500 leverage, supports TradingView, & offers commissions from $6/lot down to $3/lot, well you're in luck :)
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blackbull.com/en/live-account/?ib=420187
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Looking for an ECN broker which is reputable, still offers 1:500 leverage, supports TradingView, & offers commissions from $6/lot down to $3/lot, well you're in luck :)
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Follow my IB link today
blackbull.com/en/live-account/?ib=420187
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.