GBPUSD-Downtrend reversal spotted (Ascending Triangle formation)
It's been a long time I haven't posted any trading idea in the past year in my personal account, however, I have created this new profile to share my trading experience and knowledge via my website's profile.
Currently I've been more focused on building my website rather then trading or providing signals but I miss trading so much that I decided to trade at least on this amazing TradingView's DEMO account to see how it goes before I jump into the REAL trading again.
Just FYI, if you get to my website, be aware it's just a beta and I am currently building it. By the way, I'd love to hear your opinion.
Also, I am not sure if you'll be able to see my opened position details like TP & SL levels on the screenshot as this is something new to me. I love TradingView and I hope I'll be able to do real trading right via TradingView platform in the future.
So lets see how GBPUSD is going to perform within couple weeks or a month.
This is a great opportunity to enter somewhere around 1.555 or wait a bit longer to enter to a long position at 1.547 as it might touch the ascending bottom support line of the triangle. If the Triangle's support line won't be broken down, we may expect a nice run towards Triangle's peak where 1.6200 could be the TP ( Take Profit ) level as it also hits the Fibonacci retracement 0.618 lvl.
I don't know much about Fundamental Analysis at the moment but the Technical analyse speaks of it-self.
Currently I've been more focused on building my website rather then trading or providing signals but I miss trading so much that I decided to trade at least on this amazing TradingView's DEMO account to see how it goes before I jump into the REAL trading again.
Just FYI, if you get to my website, be aware it's just a beta and I am currently building it. By the way, I'd love to hear your opinion.
Also, I am not sure if you'll be able to see my opened position details like TP & SL levels on the screenshot as this is something new to me. I love TradingView and I hope I'll be able to do real trading right via TradingView platform in the future.
So lets see how GBPUSD is going to perform within couple weeks or a month.
This is a great opportunity to enter somewhere around 1.555 or wait a bit longer to enter to a long position at 1.547 as it might touch the ascending bottom support line of the triangle. If the Triangle's support line won't be broken down, we may expect a nice run towards Triangle's peak where 1.6200 could be the TP ( Take Profit ) level as it also hits the Fibonacci retracement 0.618 lvl.
I don't know much about Fundamental Analysis at the moment but the Technical analyse speaks of it-self.