Get started
tonite

GBPUSD could make a push upwards to follow the trend

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
tonite Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Wedge Support and Resistance Trend Lines GBP USD Forex Falling Wedge tredline LONG multitimeframe multi-timeframe
10
0
wedgepattern supportandresistance trendline gbp usd forex fallingwedge tredline long multitimeframe multi-timeframe
As seen on the chart, GBPUSD has hit support and I expect it to bounce back up.

RISK: Medium to High
Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
Comment:
First target hit
Comment:
Second target hit, resistance has been broken
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.