GBPUSD - Intraday - We Bought a break of 1.3005
Prices have reacted from 1.2911.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower lows is located at 1.3025.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1.3005, which will confirm the bullish sentiment.
Our profit targets will be 1.3210 and 1.3483
Resistance: 1.3082 / 1.3185 / 1.3483
Support: 1.2675 / 1.2447 / 1.2210
Prices have reacted from 1.2911.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower lows is located at 1.3025.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1.3005, which will confirm the bullish sentiment.
Our profit targets will be 1.3210 and 1.3483
Resistance: 1.3082 / 1.3185 / 1.3483
Support: 1.2675 / 1.2447 / 1.2210
Trade active
Trade active with a entry of 1.3005Trade closed: target reached
Closed intraday at 1.3140
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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.
Related publications
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.