TheTradersAvenue

GBPUSD > Look for Trend Pattern Continuation, After Breakout.

FX:GBPUSD   British Pound / U.S. Dollar
Analysis of #GBPUSD


the GBPUSD formed a reversal pattern, for me, this is a head and shoulders pattern, many will not consider it one,

however, we can wait for a breakout of trendline resistance, then look for trend pattern continuation, like a flag pattern or triangle pattern to get into trend continuation entry. No entry before the breakout is confirmed


________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.


Thanks for your continued support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.