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Last week, GBP/USD reached an important resistance level and fall down around 90 pips. Held 1.32 as support and bounce to the resistance at 1.3280. the same RISING WEDGE is being formed after reaching the same level (1.3280)
so will history repeat itself?
Last week, GBP/USD reached an important resistance level and fall down around 90 pips. Held 1.32 as support and bounce to the resistance at 1.3280. the same RISING WEDGE is being formed after reaching the same level (1.3280)
so will history repeat itself?
Order cancelled:
in the ASIAN session, the USD traded lower which causes the increase in EURUSD AND GBPUSD so our Trade was canceled because it didn't break the small uptrend in the wedge, so the next scenario is waiting to reach 1.3445 (supply zone) targeting 1.31.