TradingView
BeaucoupPips
May 10, 2023 1:44 PM

Will GBPUSD continue to rally up or is this the turning point? Long

British Pound/U.S. DollarFXCM

Description

Will GBPUSD continue to rally up or is this the turning point? Let's find out

Comment

Double Top on the H4 set the peak of the week, from there it was a greenlight to the MHQP.
Comments
rahdigga
Well, the rate hike tomorrow from BOE might send it retest the top of the CPI candle, but it does have some solid bullish momentum, while the Dollar is starting to run out of steam, so it will be interesting to see tomorrow.
BeaucoupPips
@rahdigga, I don't believe in fundamentals, I use only internal information rather than external. It was clear double top formation especially on the H4 timeframe which held serious weight with it.
More