GBPUSD Long: Potential Wedge Breakout + Cypher
Updated
Hey traders! The momentum is down on this pair, but it is slowing as of this morning. If bullish momentum can build to power through the short term resistance and top of the falling wedge I am a buyer toward the weekly pivot and possibly beyond. Updates to come, cheers!
Trade active
This one is active, looking for a powerful bullish impulse to follow the breakout. If we see a retrace below the trendline, I'll be targeting a break-even exit.Trade closed: target reached
Target at 2:1 has been achieved. HOWEVER, I'm letting this one ride out using the PSAR. Currentlyl we're sitting at positive 100 pips. Cheers!
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