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British Pound / U.S. Dollar
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GBPUSD 11-15 Week Analysis [October] Up Trend Direction?

54
Here I have re-evaluated the uptrend lines and noticed the current downtrend could be just a retracement for longer term uptrend. Therefore the price action may trend side ways towards the up trend line and then hit up wards. Thoughts?
Trade closed: target reached
Interesting the trend line did follow the rise and fell later on.
Trader-TO
Trend Analysis

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Trend Analysis
Trader-TO

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.