GBPUSD LONG
GBPUSD has successfully broken a monthly downward trend and is looking to make a move back to the upside. On daily trends, I have observed what looks to be an ascending triangle that GU has successfully broken out from. We are currently backtesting the breakout zone which is where I look to take my entry. GU has also printed an inverted H&S within the ascending triangle which is a potential indication of reversal. There is also a 20, 200 EMA cross on the daily timeframe.
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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.