GBPUSD Wedge formation broken + pay rolls = buy?
As can be seen price has broken out of the wedge formation. What usually happens now is a deep retracement back into the wedge and a spike back out continuing the upwards trend towards a re-test of previous highs.
The farms rolls tomorrow are historically the worst and this should give a perfect opportunity for bulls to carry price higher.
See below for a double entry trade with a short and longer term target at historic structural resistance levels.
The farms rolls tomorrow are historically the worst and this should give a perfect opportunity for bulls to carry price higher.
See below for a double entry trade with a short and longer term target at historic structural resistance levels.
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.