GBPUSD: when will the price start a new rise in support?
After the price has broken through the support line 1.379 and thus completed the formation of the pattern, it continues to move along the support line. This line was formed in March 2020. The price practically does not break away from it during the last month. This is a good sign for the rally as the price cannot break the line. A long rally towards the 1.418 resistance line can now be expected.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.