GBP/USD: The Rising Wedge

89
What’s happening?
  • Price is bouncing from the bottom of the rising wedge pattern (bullish for now)
  • Current short-term trend = Bullish (until wedge support breaks)


How to trade it?
✅ Look for buy setups at minor green zones (like the one I marked)
✅ Ideal entry = false breakout + bullish confirmation

But watch out!
⚠️ If price breaks wedge support = Trend flips to bearish
⚠️ Until then, don’t fight the upside

Trade smart and manage your risk! 🚀

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.