GBPUSD was seen rebounding off from the bottom of an ascending triangle within a demand zone.
The price has retraced from the rebound was supported twice at 1.3030 and may be ready to take off very soon.
Furthermore, GBPUSD is still experiencing the process of a ranging market and thus it makes sense to simply buy at the bottom.
The price has retraced from the rebound was supported twice at 1.3030 and may be ready to take off very soon.
Furthermore, GBPUSD is still experiencing the process of a ranging market and thus it makes sense to simply buy at the bottom.
Note
Another poor data for the dollar.Price is now seen retesting the bottom of ascending triangle.
Wait for clear signs of buying strength to long the pair.
Note
Now that we can clearly see the "W" shape forming, the price is likely to climb further and complete a Gartley pattern.Therefore, you may continue to hold your long trade into 1.32.
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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.
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.