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Itumeleng90

GBP/USD BROADENING BOTTOM REVERSAL WITH CONTINUING FLAG PATTERN

Panjang
Paun British / Dolar A.S. (FX:GBPUSD)  
Itumeleng90  
FX:GBPUSD   Paun British / Dolar A.S.
Chart Patterns Flag
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chartpattern flagpattern
On a monthly chart, we see that the pair had developed a broadening bottom pattern from a bearish trend, as it went low to a monthly resistance 1.14682 then shooting upwards to break 1.27954 before the development of a flag pole. At 1.29554 forms an uptrend support line for a flag and at 1.32830 form a breakout of the bullish candle and currently the market pulled back to that area as support line. before the pullback we see price touching 1.34880. well i took my profits there.
Penafian

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