Possible Trade opportunity on GBP/USD
Reasoning
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Reasoning
- A pennent formed and broke upwards , reversing the previous downwards cycle
- Price bounced 3 different times on the trendline I've drawn
- As price continues to move upwards, the momentum will continue
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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.