The GBPUSD wedge was finally broken last week and price made a new higher high on the 4hr chart.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
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Related publications
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.