GBPUSD has formed a descending triangle, now its sitting at support and has formed an Inside bar (red arrow)
Should this support fail to hold, a continuation towards 1.2800 is likely possible. If bulls on the other hand can gather enough strength to defend this support successfully, it’s possible we see another leg up towards 1.3300.
Should this support fail to hold, a continuation towards 1.2800 is likely possible. If bulls on the other hand can gather enough strength to defend this support successfully, it’s possible we see another leg up towards 1.3300.
Note
Price is moving in our favor, just sell the rallies on lower TFOrder cancelled
Trade invalidated
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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.