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MayerFX
Mar 10, 2018 9:47 PM

GU LONG - 4H, 1D, W Technicals holding - BREAKOUT TRADE Long

British Pound/U.S. DollarFXCM

Description

On the weekly, the retracement of price has formed a bullish flag pattern, giving upward bias on the weekly.

On the daily, price has formed a triangle formation and is preparing for a breakout. It has also found support at both the 0.36 Fib retracement and established trendline.

SL: 1.37

Price: 1.38492

TP: 1.415

Hoping to hold between 10-14 days

Should be good.
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