GBP/USD -Cup+Handle forming? 4hr to go long
Hi All,
Here we have the GBP/USD, with a possibility of a cup and handle at the bottom of a downtrend which could mean a bullish reversal!
We can wait for the handle to be formed in the coming days, and wait for a breakout candle above the handle trendline, profit could be determined by the depth of the cup, or a previous high, or key area.
** This is not financial advice, this is for educational purposes and my own opinion, all feedback is welcomed, **
Good luck and trade safe
L
Here we have the GBP/USD, with a possibility of a cup and handle at the bottom of a downtrend which could mean a bullish reversal!
We can wait for the handle to be formed in the coming days, and wait for a breakout candle above the handle trendline, profit could be determined by the depth of the cup, or a previous high, or key area.
** This is not financial advice, this is for educational purposes and my own opinion, all feedback is welcomed, **
Good luck and trade safe
L
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.