TradingView
BullBearMkt
2 jan 2021 06:25

CABLE BIG PIX! - Bullish Wedge BreakOut Targeting 1.5000 In 2021 Lång

GBP/USDOANDA

Beskrivning

Now that GBPUSD has violated the monthly bullish wedge (as explained in our 22/11/2020 post below), bullish rally may commence in 2021! First obstacle is at 1.4000 level which may likely cause the pair to pullback towards the first bullish-order-candle at 1.34000 level (or deeper at 1.25000). Any price rejection from thence will then be targeting 1.50000 and above.

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Kommentarer
meysam4154
why is it moving like retracement?
BullBearMkt
@meysam4154, Well, depends on your reference point; it remains retracement until the swing high is violated
Mer