GBPUSD - GU could have a altitude flight

Price broke out of the big downtrend (white fork), took a couple dance-steps on it (yellow ovals) and gained strength.

Look what the pink bar did.
It broke the prior small resistance with gusto (Indication!).

Then it flung up and down a couple times, and defended the grounds (green) to break the U-MLH (blue fork).

The close outside the blue downsloping fork and the higher highs (exponential dashed blue line) is enough for me to take a first load and go long.

P!

Kommentera:

Got a fill Phil...Long.

Kommentera:

Cleanup...toasted.