GBP/USD Bullish Idea with Continuation pattern
GBP USD price is approaching the second tip of the cup and handle from where the handle is expected to form as there is a strong resistance as well as the upper line of the ascending channel also suggest that the price will be pushed back to form a handle.
The first TP is based on the completion of the Cup and Handle Tip while the second TP is as per the distance of the cup bottom from the tip as well as it is the R3 resistance which has previously been respected by price.
The first TP is based on the completion of the Cup and Handle Tip while the second TP is as per the distance of the cup bottom from the tip as well as it is the R3 resistance which has previously been respected by price.
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