GBPUSD 1D Trendline Broken - Reverse H&S - Bullish Bias
Trendline clearly broken. Price has retraced and currently at support area. Also, there is reverse head and shoulders pattern.
Target 1.2800.
Be cautious with the plan / cut loss (your call) if daily candle close below 20 day Moving Average (MA).
Target 1.2800.
Be cautious with the plan / cut loss (your call) if daily candle close below 20 day Moving Average (MA).
Trade closed: target reached
As predicted. I am closing my position although target has not been reached due to certain fundamentals. Do Your Own Research (DYOR) on whether you want to close position or continue to hold.
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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.