FXShinobi

GBPUSD RISING WEDGE PATTERN - POSSIBLE SHORT?

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hey traders, here's my analysis on GBPUSD for the next day or so.

If price can break out of the rising wedge pattern, wait for the retest and confirmation before going short.

Due to Brexit and other global factors there is a lot of volatility with the pound right now. Please trade accordingly and manage your risk properly.

Risk management and managing your trade is essential for success.

GBPUSD had a very strong week last week will the momentum to the upside possibly continuing. But as always we have to trade what we see.
If there is a setup long for GBPUSD i will update you guys. Thanks for all your support.

Do not hesitate to secure profits.



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