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James_Soriano

A descending FLAG PATTERN FORMATION for a bullish reversal

British Pound / U.S. Dollar (FX:GBPUSD)  
James_Soriano Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
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chartpattern
A descending flag patttern formation has been spotted and it might be gearing up for a possible bullish reversal. You can see that it sits right on the 50% retracement and this retracement sits right on the major structure level at 1.3000s. We will see if we can spot a breakout to the upside direction and a possible continuation
Comment:
As I've posted on december 21 that this descending flag pattern may possibly gearing up for a big break out and after few weeks it finally happened.
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