GBPUSD Bullish outbreak?!?!
Here on the GBPUSD, we can see that price is currently in a descending channel however. I believe price is showing signs of a bullish reversal. price is starting to form a descending wedge pattern and also a gradual loss of volume (consolidation/contraction). In this week commencing, i am looking to see a break above prices previous swing Hi (@1.31800) followed by that level acting as support.
I am looking to close the position at prices previous level of resistance which has pushed the market around multiple times (@1.32648).
Thanks
I am looking to close the position at prices previous level of resistance which has pushed the market around multiple times (@1.32648).
Thanks
Nota
As we can see, GBPUSD has carried on a bearish push, this may be due to speculations with Brexit and also the fear of COVID-19, i ended up not executing a trade here as the set up i was looking for was not present at all.
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.
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.