GBPUSD: An upcoming IMPORTANT BREAKOUT!
Cập nhật
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
Since January 2021, the price has been following an interesting uptrend, creating a clear rising wedge pattern, bouncing many times on its dynamic S/R trendlines.
On the 21st of January the price reached a strong resistance zone at about 1.37500, following two more re-tests on the same level without strength enough to break through it.
It is currently close to its dynamic trendline and the next price action around that level will be essential to understand the next market movement.
🔴Conclusion:
In the daily perspective, the price has been following a clear uptrend since October 2020 and it's currently showing few signs of weakness.
I'm confident to see a trend correction and a breakout of its rising wedge pattern.
I'll be waiting for a breakout of its dynamic trendline before planning my short position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
Since January 2021, the price has been following an interesting uptrend, creating a clear rising wedge pattern, bouncing many times on its dynamic S/R trendlines.
On the 21st of January the price reached a strong resistance zone at about 1.37500, following two more re-tests on the same level without strength enough to break through it.
It is currently close to its dynamic trendline and the next price action around that level will be essential to understand the next market movement.
🔴Conclusion:
In the daily perspective, the price has been following a clear uptrend since October 2020 and it's currently showing few signs of weakness.
I'm confident to see a trend correction and a breakout of its rising wedge pattern.
I'll be waiting for a breakout of its dynamic trendline before planning my short position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
Giao dịch đang hoạt động
We currently reached our first take profit, we are waiting for the next price action!
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.