GBPUSD M15/H1 PRICE HAS BROKEN TO THE UPSIDE OF THE RISING WEDGE
Price has broken out to the upside of the rising wedge pattern for GBPUSD.
My analysis yesterday said to go short if price broke out to the down side. We trade what we see.
I see a possible breakout with a strong pinbar on the 15m off the upper blue trend line. The volume spike confirms there are interested traders at this price area.
With bullish momentum in the last 2 weeks, this looks like a good long trade. SL should be set somewhere in the middle of the rising wedge pattern.
Simple price action, simple analysis, hopefully easy profits.
Daily trade analysis and ideas:
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Twitter: forex_dojo
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ForexShinobi
My analysis yesterday said to go short if price broke out to the down side. We trade what we see.
I see a possible breakout with a strong pinbar on the 15m off the upper blue trend line. The volume spike confirms there are interested traders at this price area.
With bullish momentum in the last 2 weeks, this looks like a good long trade. SL should be set somewhere in the middle of the rising wedge pattern.
Simple price action, simple analysis, hopefully easy profits.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
ForexShinobi
Trade closed: stop reached:
Price has reached the bottom of the pin, no breakout today. I'll look for more setups tomorrow! Taking a break after a loss is essential.
