GBP/USD is in a descending channel pattern in the 1-hour chart.
On reaching its supportive trendline it bounced off with a strong bullish engulfing candle.
Hence we expect the pair to race towards the resistive trendline.
On reaching its supportive trendline it bounced off with a strong bullish engulfing candle.
Hence we expect the pair to race towards the resistive trendline.
Trade closed: target reached
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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.