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Gniemiec36

Trend continuation for GBPUSD

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Paun British / Dolar A.S. (OANDA:GBPUSD)  
Gniemiec36  
OANDA:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Technical Indicators Beyond Technical Analysis Marubozu Bullish Patterns uptrend support Candlestick analysis
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trendanalysis indicator beyondta marubozu bullish uptrend support candlestickanalysis
In my opinion, I think the market on the GBPUSD will continue its uptrend. This is an uptrend as shown by the trendlines and the crossover of the 2 EMAs. In addition to the uptrend, there is a slanted support line which has been tested 3 times and has seen neither a breakthrough or fake-out. This suggests the support line is respected by the market and will likely not experience a breakthrough. Furthermore, there is a green marubozu and bullish engulfing candlestick pattern which both suggest the market will go up and continue its trend.


Any feedback on this analysis would be greatly appreciated!
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