morning everybody, I was going thru charts and GBP/USD took my attention. So GBP/USD was kinda choppy in 4h chart trying to climb up some more. If you check with 1hr chart it is making a bull flag and break of 1.37837 and holding above it would give us a buy signal to ride it till 1.40071 as of first profit target because the hardest resistance is placed there if you wish to go long ride till that point and see the price action if all looks good then another pt would be 1.42362. Do you DD do not blindly follow it but this is what i think of GBP/USD and I would not mind riding it till it hits my pts. Have a good day everyone.
Comment:
i forgot to mention the daily chart. Daily chart was on a long range so break of range gives us a great move which more than expected. And the reason for being in a range or squeeze is the time where it involves major investors.