GBPUSD Upward Move Continuation
After the market rallied up by 150 pips, GBPUSD is now moving sideways creating yet a mini bullish flag.
It is expected that the price moves upward and break the flag continuing the original uptrend.
Trade Levels:
- 10-15 pips within the bottom channel line. (approx. @ 1.29700)
- Stop Loss @ 1.29500
- Take Profit @ 1.30500
- Risk/Reward: 4
Cheers!
Happy Trading!
It is expected that the price moves upward and break the flag continuing the original uptrend.
Trade Levels:
- 10-15 pips within the bottom channel line. (approx. @ 1.29700)
- Stop Loss @ 1.29500
- Take Profit @ 1.30500
- Risk/Reward: 4
Cheers!
Happy Trading!
Trade closed: stop reached
Unfortunately, the price breaks to the downside.End of trade setup.
Cheers!
Happy Trading!
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.
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.