GBPUSD potential bullish breakout from descending wedge after a recent period of consolidation around the support line of the wedge.
Will buy based on if the price on the 30 M both closes and opens above the line of resistance for the descending wedge and above the 200 SMA line. May decide based on price action if I'll wait to buy until seeing if the price is rejected off the previous support line from the channel it broke from for this descending wedge, but will decide at the time.
Will buy based on if the price on the 30 M both closes and opens above the line of resistance for the descending wedge and above the 200 SMA line. May decide based on price action if I'll wait to buy until seeing if the price is rejected off the previous support line from the channel it broke from for this descending wedge, but will decide at the time.
Comment:
Price keeps hitting a super aggressive ceiling, strong resistance. Good news is that a breakout here would be a great confirmation to buy in.
