GBP/USD amid a falling wedge
Hey guyz,
GBP/USD still in a nice downtrend. Anyway market is highly volatile which is evidence for uncertainty between bulls and bears. If price exits the falling wedge to the upside, then I will watchout for a long entry. For the harmonic traders out there, @ 1,4720 we would have a D comletion of a bullish BAT pattern. For the others, just watch out if Lower Highs will be violated (black lines as examples).
Important: :-)
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
GBP/USD still in a nice downtrend. Anyway market is highly volatile which is evidence for uncertainty between bulls and bears. If price exits the falling wedge to the upside, then I will watchout for a long entry. For the harmonic traders out there, @ 1,4720 we would have a D comletion of a bullish BAT pattern. For the others, just watch out if Lower Highs will be violated (black lines as examples).
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
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