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qasim009
Sep 7, 2023 2:06 PM

GBPUSD has formed Bullish AB=CD Pattern Long

GBP/USDOANDA

Description

The chart has made a perfect Bullish AB=CD reversal pattern.
Clear Bullish Divergence is created hitting the potential reversal zone.
Bulls will be pushing hard to be in control and the price has all the tendency to make higher highs and higher lows, thus reversing the trend.

Verdict: Bulls to win.
Comments
ibrar550
this hit SL
qasim009
@ibrar550, not yet. It has to hit the Buy Stop before the corresponding SL becomes active.
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