GBP_USD Head and Shoulders Consolidation completed!
Looking at the chart pattern, Pound is not moving down so easily because it created a bullish flag pattern
From this week will start of another 5- wave moving up for GBP_USD.
The gap on the first bounce is a sign of first support and now it is supported again from there.
Remember that the pound is bullish with speculation of November rate hike is buzzing around.
So a buy for the pound is a great idea.
(Hint: Look for sign for double bottom for the trend continuation)
Looking at the chart pattern, Pound is not moving down so easily because it created a bullish flag pattern
From this week will start of another 5- wave moving up for GBP_USD.
The gap on the first bounce is a sign of first support and now it is supported again from there.
Remember that the pound is bullish with speculation of November rate hike is buzzing around.
So a buy for the pound is a great idea.
(Hint: Look for sign for double bottom for the trend continuation)