GBP/USD showing strong upside after weekly breakout
Ascending Triangle and C&H formed on GBPUSD.
This is a double whammy of confirmation to the upside.
We have other confirming indicators including:
7>21>200 - Bullish
RSI>50
Target 1.4150
This is a follow up from the last time we did this analysis. Only difference is, the price has broken above and we are looking at the weekly chart instead of the daily.
So consider this a medium term long trade.
This is a double whammy of confirmation to the upside.
We have other confirming indicators including:
7>21>200 - Bullish
RSI>50
Target 1.4150
This is a follow up from the last time we did this analysis. Only difference is, the price has broken above and we are looking at the weekly chart instead of the daily.
So consider this a medium term long trade.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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