GBPUSD LONG
An uptrend refers to a market condition in which the price of an asset, such as a stock, commodity, or currency pair, is consistently moving in an upward direction over a sustained period of time. It is characterized by a series of higher highs and higher lows on the price chart.
In an uptrend, buyers are generally more aggressive than sellers, driving the price higher. This can be attributed to various factors such as positive market sentiment, strong economic indicators, favorable news, or increased demand for the asset.
In an uptrend, buyers are generally more aggressive than sellers, driving the price higher. This can be attributed to various factors such as positive market sentiment, strong economic indicators, favorable news, or increased demand for the asset.
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.