GBPUSD watch for a close above or below
Updated
Ascending triangle with 5 hit points, so I am waiting for a break out at the 6th, 7th or 8th.
Ascending triangles are bullish, but the very good previous structure on both sides suggests to me that it could break out either way, so I will be open to trading either break (looking for a close outside of the triangle).
Profit targets are obviously at the previous structure as indicated by the horizontal black lines.
Ascending triangles are bullish, but the very good previous structure on both sides suggests to me that it could break out either way, so I will be open to trading either break (looking for a close outside of the triangle).
Profit targets are obviously at the previous structure as indicated by the horizontal black lines.
Note
Hit point 6.Trade active
Trade closed: target reached
Yehhhhh
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